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Insurance rip-off
I'm an owner operator trucker leased to a small company(3 trucks) he has 2 trucks leased to him, myself and another O.O. and his own 3 trucks for a total of 5.
The company was audited by AIG (his insurance co.) and fined 9000.00+ for not requiring we O.O.'s to provide him with workmans comp ins.(he has W/C on his 3 drivers.)
The state of Vermont (as best that i can determine from their web site) does not require me to have W/C.
1) How can an Ins. co fine someone for not buying a policy?
2) If AIG is saying were in violation of state law why is the money being paid to AIG and not the state? (their making money on a policy they never wrote?!)
This sure sounds like a licence to steal in my book.
Anybody care to fill me in on this?
__________________
Pete
79 911SC RoW
"Tornadoes come out of frikkin nowhere. One minute everything is all sunshine and puppies the next thing you know you've got flying cows".- Stomachmonkey
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