"have been told by very good attorney that waivers arent as effective in court as many, including myself, believe."
depending on the state, you either have a good, or very ill informed, attorney. there are "waiver-friendly" states and those that are not. calif is a waiver-friendly state, and waivers are pretty rock solid.
however, there was a supreme court decision, if memory serves, a couple of years ago that said that waivers don't protect against "gross negligence". this is a pretty high standard. hard to prove gross negligence.
insurers can insure against whatever they want to insure against. you decide the policy provisions, underwriting requirements, etc., and you hang your shingle and sell policies. in point of fact no RD insured under USAT actually buys an insurance policy. they are listed as additional insureds to USAT's policy. do you really believe that USAT is going to leave itself bare of coverage for any bandit or transfer that sues it? i would be shocked if that were the case, and i doubt it is the case. USAT's folks are welcome to post here and disabuse me of my error.
however, the waiver is so vital as a defense that it would be reckless behavior to NOT require waivers to be signed. but no RD can protect against a bandit, and i would be surprised if defense and coverage were not afforded a sanctioning RD who was sued by a bandit. i'd certainly like to know if this is NOT covered.
Dan Empfield
aka Slowman
depending on the state, you either have a good, or very ill informed, attorney. there are "waiver-friendly" states and those that are not. calif is a waiver-friendly state, and waivers are pretty rock solid.
however, there was a supreme court decision, if memory serves, a couple of years ago that said that waivers don't protect against "gross negligence". this is a pretty high standard. hard to prove gross negligence.
insurers can insure against whatever they want to insure against. you decide the policy provisions, underwriting requirements, etc., and you hang your shingle and sell policies. in point of fact no RD insured under USAT actually buys an insurance policy. they are listed as additional insureds to USAT's policy. do you really believe that USAT is going to leave itself bare of coverage for any bandit or transfer that sues it? i would be shocked if that were the case, and i doubt it is the case. USAT's folks are welcome to post here and disabuse me of my error.
however, the waiver is so vital as a defense that it would be reckless behavior to NOT require waivers to be signed. but no RD can protect against a bandit, and i would be surprised if defense and coverage were not afforded a sanctioning RD who was sued by a bandit. i'd certainly like to know if this is NOT covered.
Dan Empfield
aka Slowman