[A_D_E_P_T]

I hate the insurance industry so much, bros.

What I hate, most of all, is that it's so often mandated -- and, yet, at the same time, so complex and annoying to attain. Half the time I need to buy some BS insurance for my business, I can't even purchase it online, I need to fill out a 20-part form and then "Speak with an Agent," who will resist giving me all of my options and make purchasing a personal ordeal.

I had considered, in a half-serious way, setting up an "insurance" company (probably incorporated in Sealand) that sells "basic packages" for very low prices -- and when you "speak with an agent," explicitly tells its customers that it will never pay out any claims. It would be nothing more than a fig-leaf, so that you can tell third parties, "yeah, I have insurance, don't bother me about it."

It would probably be illegal, which is sad. I just don't want to be annoyed and don't like being forced to deal with grifters.

[badpun]

That's how it works in Poland. A client required me to get an insurance for my 1-person contracting company, and I was able to get a policy that only covers trivial things like spilling hot coffee on someone, but none of the software risks. The client was satisfied (they're a giant bureucracy, and the the contractor procurement people just needed any policy to be able to tick a box), while I spent minimal cash.

[jddj]

I would hate this, I think.

The relatively low (and I have to tick boxes for most of the high risk industries on the form) amount that I pay each year for what seems to be a nice PI policy is easily worth it for the peace of mind.

[badpun]

I would too I think, if I lived in the US. But the culture around law in Poland is pretty much opposite of the US. People just aren't lawsuit-happy, probably partially because the courts are inefficient and you can wait a long time for a verdict, and partially because the courts often don't award that much in those verdicts (and those absurd multi-million verdicts for trivial things that are a thing in the US would never happen here). Here, I've never heard of a software contractor even being sued by a client, let alone lose and have to pay anything - and I've been in the game for 20 years. First time I hear it does happen, I'll reconsider getting a better policy.

The requirement for the policy some clients have are only there because they're multinationals and it's a company-wide policy. Local clients never expect contractors to have a policy.

[jddj]

Yeah, that's fair too. Admittedly my work puts me into contact with relatively litigious parties.

I think at my current premiums I would need to pay insurance for 100 or 1000 years to even get close to the sort of numbers that get thrown around for a day's worth of damages on some of these projects.

The likelihood is absolutely that nothing serious will go wrong, that if it did it wouldn't make it to the courts and furthermore that if it did it wouldn't be negligence of any kind, or was covered within the contract itself.

But the thought of having skipped out given the possible consequences; No thanks, value my sleep too much.

[A_D_E_P_T]

I would love it.

As things are now, I'm mandated to spend $XXXX/year on insurance that I've never used and know, for a near certainty, that I'm never going to use. I'd really rather not. I've looked at the statistics and, for me, it's a better bet to eschew insurance. (Which, generally speaking, it would have to be, otherwise the insurance industry would be losing money.)

[Arainach]

>know, for a near certainty, that I'm never going to use.

That's what most people say right up until they make a claim.

[A_D_E_P_T]

I don't want to make any claims, though. I'd be much happier in a position where I'm totally unable to make claims. (And don't have to deal with the insurance industry.)

I'd even pay good money for (de facto-) fake insurance, just so mandates and overly-bureaucratic clients/partners leave well enough alone.

[dagw]

I don't want to make any claims, though.

I think you're missing the point of why these "overly-bureaucratic clients" are insisting on insurance. I don't want you to have insurance to keep you safe, I need you to have insurance to keep me safe. When the widget you built for me breaks and damages my customer and I end up owing them €1m, I want to be able to recoup at least some of that cost from you. It won't be you making a claim on your insurance, but me (or rather my insurance company)

And as someone who used to be at one of those "overly-bureaucratic clients", we not only required (and checked) that you had insurance, but also that your insurance coverage was actually high enough for project in question.