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What passes for good news nowadays....

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    What passes for good news nowadays....

    A letter from my E&O insurance carrier today:

    "GREAT NEWS!!! Your current Accountants Professional Liability Insurance policy is coming up for renewal and Philadelphia Insurance Company has agreed to automatically renew your policy..."

    Gosh! Right here in the middle of the summer slow season/doldrums/dog days and from right outta the blue appears this magnanimous gesture of willingness to accept my money. I'm overcome with gratitude.

    "As outlined in our transparency policy, we require your consent to the commission we earn on the placement of this insurance in the amount of 19%. Payment of your premium indicates your consent."

    (Who dreams up these goofy letters?) I've been "consenting" to so much stuff lately and business is so slow (it's so dang hot nobody wants set foot outside) that the economic well's almost dry. I'm debatin' between a resort to prayer, consultin' a psychic, or takin' Arnie's advice to "man up".

    _________________________
    To those critics who are so pessimistic about our country, I say: Don't be economic girly-men." ---- Arnold Schwarzenegger

    #2
    Here's one

    I just had a client call me and ask what the tax would be on the annuity he's withdrawing.

    Me: 15%

    Client: Yeah, I knew it wouldn't be much...

    Really?! In my opinion, 15% is OBSCENE. And, yes, I know it could be worse.

    I wonder if I had told him an amount instead of the rate he would have been less pleased.
    If you loan someone $20 and never see them again, it was probably worth it.

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      #3
      Bart I got the same letter. Seemed strange. I believe I had always just made payment. Mine renews in November. I did not hear from them so I called asking about the renewal. Lady told me not to worry about it I would get the notice. So after two more calls in the new year I got my renewal in Feb. Don't know what was going on.

      Pretty bad when you are begging to pay for liability insurance.

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        #4
        Originally posted by geekgirldany View Post
        Bart I got the same letter. Seemed strange. I believe I had always just made payment. Mine renews in November. I did not hear from them so I called asking about the renewal. Lady told me not to worry about it I would get the notice. So after two more calls in the new year I got my renewal in Feb. Don't know what was going on.

        Pretty bad when you are begging to pay for liability insurance.
        And that's why I don't beg.
        ChEAr$,
        Harlan Lunsford, EA n LA

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