4 ms·
Ask HN: Why does LeaseWeb require a multimillion insurance of me?
I'm currently in search of a basic Windows VPS package. I was browsing through the LeaseWeb ToS when I stumbled at this:
>> Customer shall obtain and - at least for the duration of the
Agreement - maintain the following insurances with a reputable
insurance company, which (at minimum) covers:
a) third party liability;
b) Customer's liability towards LeaseWeb; and
c) Customer's liability as an employer towards Customer's
employees; in each case
up to an amount per event of - at least - three (3) times
Customer's total annual Service Charges, with a minimum of
one million US Dollars (US$ 1,000,000.--).
Needless to say I was shocked. These terms are completely crazy. I wouldn't even dare to guess how much that kind of insurance would cost me. I do not even understand what the items a) and c) mean so I'll have to go to a lawyer (and pay him).
Have I missed something in the hosting market in the last years? Do I really need like a $1 million insurance for a simple $20/month VPS?
- slater 11y agoIt'd help to know which ToS you're looking at, there seem to be a number of them, depending on which country you're in.
- onto_something 11y agoI've looked at the top three PDFs (for US, NL, DE) from this page: https://www.leaseweb.com/legal https://www.leaseweb.com/legal These terms are contained in all three documents. These are called General Conditions so I assume they apply to every service of the company.
- deleted 11y ago[deleted]
- gesman 11y agoOk, so you don't have insurance and use their service. What's implications of that?
- Terretta 11y agoIf you are an indie tech service provider (developer, dba, sysadmin, etc., as a 1099 contractor or as an LLC) in an area where your keystrokes can cost a business money (errors and omissions, etc.) you should want to carry insurance and are often required to. But it's cheap, a couple hundred bucks a year for $1M. I recommend get comparison quotes via: http://www.techinsurance.com http://www.techinsurance.com