registrars Domain name registrars no longer have to carry general liability insurance

[News]

The registrar accreditation agreement requires registrars to carry general liability insurance of at least $500,000, but ICANN will no longer require this.

While most U.S. registrars won’t see much cost savings from this, drop catching companies with dozens of registrars will gladly accept the cost reduction...

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[cocaseco]

I can't imagine the general liability was of much use to registrars anyway. The exception being the big guys like GoDaddy with lots of offices. I'm sure they didn't drop it. What should be required is E&O, and if not required, you would be stupid to not have it as a registrar.

E&O = Error and Omission

 

[HeyNow]

The cost for generally liability insurance for $500,000 is probably no more than a few hundred bucks a year, if that much.

This is a non-issue.