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I had an insurance agent idiot moment yesterday during my General Liability audit.... turns out my agent reported my estimated annual revenue as $400k. Also turns out that the insurance company uses estimated annual revenue as THE factor to determine your premiums. Lovely that the estimated $400k is only about 6% of my annual revenue. The auditor said that i should expect a "substantial" bill as a result of the audit.
The agent is assuring me the auditor didn't know what she was talking about and is just an information gatherer. I guess we'll see when the audit results return.
Edit: this is business general liability insurance. Figured it was relevant due to the agent fuck up or possible fuck up. Damn agent better be right!!!
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"There is no greater tyranny than that which is perpetrated under the shield of the law and in the name of justice. -Charles de Secondat"
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