Service agreements

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satcom

Senior Member
How many of you do 12month service agreements and how do yours work? The goods and bad's involved?

If you don't get a lot of replys from service agreements, it may be all the requlations and laws of some states and insurance underwriters, make it difficult or expensive to offer them. some states require special bonding before you offer them, and you may also need to pay into a special fund, that along with your insurance companie may have your contract include special clauses for limits of liability, and require you to secure E&O coverages, in most cases you can't just start offering service agreements without good legal service to draw up the agreements.
 
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