Softening the
Insurance Crunch
by Richard E. Schmidt
Look, no one likes having to pay for
insurance, and I am no exception
(insurance consultants pay premiums,
too). But if you intend to lead a
prudent financial life as a contractor
in the field, you must come to grips
with this beast. Otherwise, insurance
costs can eat you alive.
For example, say you bid a job
based on such-and-such an insurance
rate. If your renewal policy comes in
at triple the cost while you are still
committed to the job you bid at the
old rates, it can be very hazardous to
your company's economic health. But
good management of your insurance
program can help.
There are several ways to reduce
insurance