What Kind Of Insurance Should I Buy For My Software Company?

Jun 26, 2008 by Derek C | Posted in Insurance

My software plc is an LLC which sells database tracking type software to businesses for about $400 each. In addition to protecting my bosom assets with the LLC, I would also like to purchase insurance against any lawsuits that might arise from a customer who might claim that the software caused them to part with time or money in some way. This is a one person product company, not a service business. Should I be looking for E&O insurance, Masterly Liability insurance, or ?

E&O is the same as skilled liability.

For software designers, there is a company that combines the GL & E&O in one package, for around $2500, depending on the end practice.

You need to talk to a local, independent agent who can shop this out for you. If you don't want a combined include, you won't find someone willing to give you the E&O unless you ALSO have GL coverage.

**Personal liability insurance won't cover any BUSINESS interdependent activities.**

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What Motor Insurance Rating Software/ Systems Can I Get Off The Shelf? Which Are The Best.?

Mar 26, 2009 by inya | Posted in Insurance

I am looking for a software / system that automatically generates premiums rates or values after inputting the distinct variables like age of car, distance travelled, age of driver, No Claim Bonuses , Residential areas and all crap that affect rating.

Something similar to what the Insurance Call Centres use to give Insurance Quotes online.
I am actually looking for the software that brokers and insurance companies use for use in our insurance convention so I would like to get names of software suppliers who supply off the shelf.

There are websites you can go to to input the dirt and have quotes presented to you, but if you're looking for something you can download to your computer at home then you'd be looking like rating software that insurance brokers/agents use. This software costs several thousands of dollars and you have to show the guests that you have a contract to sell insurance for the insurers you want the rates for.

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Is There Any Insurance Loss Estimating Software Homeowners Can Buy To Calculate Losses For Claims?

Aug 24, 2007 by Pascha | Posted in Insurance

In sodality to negotiate with the insurance company, it would be useful to have a software package that would help itemize, price, compute, and estimate, not only the value of contents but also the cost per square foot of restored construction, the labor bring in of tearout of damaged property, debiris disposal costs, etc. Insurance companies have such software packages. It would be marked if the insured could also use one.

There are two water software packages that insurance companies use. It would be cost prohibitive for a homeowner to purchase it. However, most contractors that do insurance improvement work have the same programs. The easiest thing for a homeowner to do is have their contractor put together an estimate for the repairs. If there is a assay difference from the adjusters estimate - then the contractor and adjuster will work it out - or you can just send the contractor guess to the adjuster to review.

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Ok Then..who Has Ever Made An False Insurance Claim?..who Will Answer Honestly?

Sep 04, 2008 by desert camel | Posted in Polls & Surveys

honourable wondering...
did your ''snap on tool box and leather jacket'' also get stolen..
insurance company's are getting crafty to them,they even use ''voice stress analyser'' software when the policy holder rings them to start the claim...
oh,and i never have...by the skin of one's teeth wondering as i know it goes on...

I might have made a two.

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I Need To Write A Short Story Personifying The Life Cycle Of An Insurance Claim?

Oct 04, 2008 by Amby | Posted in Homework Help

For my Fettle Insurance Coding class, my teacher has given us an assignment to create a short adventures personifying the 10 steps to the life cycle of an insurance claim. I'm usually pretty yard goods with writing, but I have absolutely no idea where to start. Any input? Here are the 10 steps according to my professor:

1. Corrugate Negotiation between the patient and the insurance company / the healthcare provider accepts the assignment.
2. Passive appointment scheduled / pre-registration
3. Patient completes registration and chart is started.
4. Usefulness rendered
5. Data entered/charges entered in software from encounter forms. Copay is confident.
6. Print claim or submit electronically.
7. Electronic claims go to clearinghouse or printed claims go via postal despatch.
8. Insurance company receives claim and adjudicates.
9. Provider receives a remittance, patient receives vindication of benefits
10. If claim is paid, provider posts to account. If rejected, provider can beguile.

I also have to remember these steps in order for a test that I have on Monday. Any advice towards that will be helpful as well.
Thanks!
Thanks for all the opinion so far! I really like the CIA idea. I'm trying to figure out how to write that as the whole story. :)

What Is Value Of Personal Content On PC Besides Software?

Jan 02, 2009 by Bayareawoman | Posted in Programming & Design

My computer was ruined by movers and difficulty value for insurance claim. Included contacts, photos, itunes, tax returns, professional critique, etc.

I don't suppose insurance will cover the "value" of personal files, as those don't really have financial value. Maybe they'll cover the cost of the physical computer and the operating system.

Even though your computer was "ruined," can't you waste the hard drive and put it in another computer? All your contacts and photos should be there.

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What Does Progressive Use To Settle An Injury Claim?

Apr 22, 2009 by rubmaster36 | Posted in Insurance & Registration

Does Progressive insurance use software like a program to be received b affect to a settlement amout? or how do they arrive at a settlement amout?

They use a counselor-at-law and give you as little as possible. All kidding aside. I'm not kidding. Fight fire with fire if you want to turn out out ahead. Get a lawyer.

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What Are The Simplest Statement Software Programs For 30/60/90 Day Client Follow Up?

Jul 09, 2007 by Honeyface | Posted in Small Business

I am a medical billing affair and it seems that some of my clients (medical professionals) would like me to handle their patient billing in summation to the insurance claims I currently submit for them. Question is, are there some well-known programs for simply producing statements to send out and which will sanction 30/60/90-day tickling, as well? There are so many on the market, I just wonder if people who are using some of them might have some valuable input? Indeed want to keep it very simple.

What software are you using? I would talk to them first because the should have module that does that. Nothing is worse if you have to register information twice. Streamlining is your way to profit. Double work is very bad and time consuming.

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Where To Sell My Private Stock Options?

Dec 04, 2008 by David S | Posted in Investing

I have 150,000 shares of a in the main company in Orlando Florida. They produce online insurance claim software. Its subscription base and they are growing at full speed are rarely loose any accounts. After I was issued my stock options I choose to off the company to start my own business in a different industry. The company is private but very valuable and growing, even in this down turned economy. Im looking to sell my stock to raise savings for my new business but not sure how to find buyers.

How would I go about advertising my stock for sale? Is there laws that say how I can advertise my source for sale since its private stock. Are there brokers that will try to sell private stock? My impact price was $1.15 and Im looking to sell it for 2.00 a share which is extremely tenable for any buyer just not sure how to find a buyer.

The management team just bought out one of the investors. The investor was looking to bedroom. So at this time they are not looking to buy shares.

Is there a legal way (and Im not sure if there is even a law concerning this) to advertise this investment or how can it be done?

can you lawful put them to the company?

if not, contact the company and ask them if any of their management team is interested in buying out your paling.

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How Likely Would I Be Indicted For Unemployment Insurance Fraud In The State Of New Jersey?

Feb 05, 2008 by Leo Omario | Posted in Law & Ethics

I am having a bit of a state of affairs. Last July I was put out of commission by my company. I then opened an unemployment insurance claim. Being a forgetful person that I am, I created a hardly ever computer program that would counts the day and the month and automatically goes online to do the claim for me (the software is called Automate Push by Unisync). When the check comes home my girlfriend would either cash or keep the check for me (I usually just sign every paper she gives me to sign). That was all well and established until my company called me back to work, I shut my little program off but when the computer was reset it got turned back on and the claim went on for 21 weeks. After discovering (one month after) that I was getting loaded I wasn’t suppose to, I immediately went to the New Jersey Department of Labor and explained to them what happened and was pleased to pay them back in full. They said that they will pull my pay record and work hour.
They said that they will pull my pay note and work hour. They also said that they will either make me pay the money back or put me on fraud status. How apposite will I be indicted for fraud? Could I also be fired for what happened?

Since you came advance and explained everything and said it was a mistake, I think it's very unlikely you will face charges, outstandingly when you volunteered to correct the situation by repaying what you fraudulently took.

It's also NJ, a state known for corruption (I abide there too). For everyone person like yourself willing to fix a mistake like that, there's problem hundreds that passively milk the system.

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