The MSP Zone

Charles Weaver
The MSP Zone

Weekly discussion of news, events, and topics of interest to the global managed services professional community. The series will have the latest and most relevant discussions in managed services and cloud computing, featuring special guests and notable figures in the profession.

  1. 12 FEB

    Surviving MSP Litigation

    In this episode, we delve into the significant impact that outlandish claims can have on insurance premiums. Here are the key takeaways: 1. Impact on Premiums: Outlandish claims can lead to a substantial increase in insurance premiums, affecting both carriers and policyholders. 2. Judicial System Costs: The judicial system mandates that all claims be tried, which escalates costs for insurance companies. 3. Legal Defense Expenses: Defending against claims can result in substantial legal expenses for carriers, including lawyer fees and other related costs. 4. Expert Involvement: Complex cases often require the expertise of forensic and IT professionals, adding to the financial burden. 5. Financial Burden: Lawyer fees are a significant contributor to the overall financial burden of handling claims. 6. Carrier Responsibility: Insurance carriers are responsible for defending all claims, regardless of their nature. 7. Premium Increases: The nature and frequency of claims can lead to a rise in insurance premiums. 8. Absurdity of Claims: The conversation highlights the absurdity of some claims and their impact on the industry. 9. Importance of Legal Defense: Effective legal defense is crucial for insurance providers to manage costs and protect their interests. 10. Cost Implications: Understanding the cost implications of claims is essential for the insurance industry to navigate financial challenges effectively.Tune in to gain a deeper understanding of how these factors interplay and shape the landscape of insurance premiums.

    42 min

About

Weekly discussion of news, events, and topics of interest to the global managed services professional community. The series will have the latest and most relevant discussions in managed services and cloud computing, featuring special guests and notable figures in the profession.

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