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Poll: A reasonable cost for errors and omissions, liability and personal property loss insurance:
Thread poster: ProZ.com Staff

Nikolay Novitskiy  Identity Verified
Russian Federation
Local time: 13:24
Member (2018)
English to Russian
+ ...
Such kind of insurance should be a must. Oct 9, 2018

Such kind of insurance should be a must for all freelance translators. Insurance fees should reach 1000 USD / year, depending on the experience and qualification. Unexperienced translators should pay even more than 1000 USD / year, while high-qualified professionals may be freed from these payments.

Having such an insurance has to be mandatory for any freelance translator and in all areas of specialization... If we implement such a condition, there will be no newbies and less compet
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Such kind of insurance should be a must for all freelance translators. Insurance fees should reach 1000 USD / year, depending on the experience and qualification. Unexperienced translators should pay even more than 1000 USD / year, while high-qualified professionals may be freed from these payments.

Having such an insurance has to be mandatory for any freelance translator and in all areas of specialization... If we implement such a condition, there will be no newbies and less competition! And we will increase our rates! Ha-ha-ha-ha-ha!

I just want to say that it's an another example of an barrier to entry. Small groups get profit from it by restricting competition, under the guise of taking care of clients.
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Poll: A reasonable cost for errors and omissions, liability and personal property loss insurance:

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