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Originally Posted by moncton golden flames
i understand the clients perspective completely. but like you said, being a limited company, i am personally protected but the business accounts are exposed. i've had experience with a few builders who will start a new company every few years in order to protect assets from the older companies.
in my line of work, there is always an engineer who with review and provide their technical analysis. does the engineer not bare thebrunt of the structure design. if so, it leaves my company open to windows, doors and framing errors, which on the grand scale, can be small.
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I don't have a great deal of experience with your line of work but I do know of cases where a pipeline engineering firm subcontracted some specific design work to an individual working through his own company. Things went sideways and not only was the firm named in the lawsuit but so was the individual subcontractor and his own little company. The individual, surprisingly, was not insured. The way things unfolded, he could be personally liable for whatever damages were incurred. The courts have yet to hear the case so who knows how that will turn out in the end.
Quote:
Originally Posted by moncton golden flames
also, if a client comes after my company for something and the company only holds a few thousand dollars, what else can the client do?
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Not much unless they can get you personally.