How Much Is Insurance For a Consultant?
When you’re a consultant, the promise is that you’re either extremely knowledgeable or an expert within a given field. Clients hire you for your advice as you try to help them achieve whatever goals they’re aspiring towards. And, being that they pay you for this service, there’s quite a bit of responsibility (read, liability) that…
Read MoreBenefits of Consulting Insurance Coverage
5 Reasons Why All Consultants Need Insurance Every day, consultants have to make expert decisions on behalf of their clients. Despite their experienced insights, consultants don’t always make the right choices—they are human after all. And even good choices can lead to unexpectedly poor results for a client. Whatever it may be, consultant insurance coverage…
Read MoreUnderstanding Insurance Terms: Back to Basics
Over time, just about every business will eventually develop its own lexicon. These words, phrases, or abbreviations can become shorthand or have underlying importance. Naturally, this can be confusing for outsiders who are attempting to enter a given world. It takes time, experience, and a little schooling to know the ins and outs. The world…
Read MoreWhat Does Professional Liability Insurance Cover?
Some people endure a setback and immediately look for someone to blame. And if you’re a physician, attorney, accountant, real estate broker or anyone who served as a consultant to such a person, they’re likely to point the first finger at you, and perhaps even file a lawsuit against you. That’s where professional liability insurance…
Read MoreGeneral Liability Insurance: How to Keep your Business Protected
For any business with multiple employees, there are countless scenarios that could result in an unhappy customer filing a lawsuit. Though the possibilities for lawsuits are endless, the lion’s share of those claims is likely to fall into one of two general categories: bodily injury or property damage. Thankfully, general liability insurance is a vast…
Read MoreChoosing a Business Insurance Provider: Everything You Need to Know
A huge part of being a small business owner means having to purchase insurance. Some types of business insurance are required by federal law. Others are so crucial to protecting the health and well-being of your employees—not to mention protecting yourself from potential liabilities—that they should be required. Choosing the right bundle of insurance plans…
Read MoreBenefits of Professional Liability Insurance
If you’re in a service business, you work with customers on a constant basis. While you want to provide the very best possible service, guaranteeing it is an impossible feat; no matter how much you plan, there will inevitably be human errors, mistakes, or slip-ups that occur in the line of duty. While the vast…
Read MoreWhat Is the Average Cost of Errors and Omissions Insurance?
Errors and Omissions insurance—also known simply as an E&O policy—is a type of liability insurance instated to protect employees and employers against claims made by a client. These claims, pointed at a business for their inadequate or negligent services, are based on the fact that these errors cost the client money. Should a lawsuit occur,…
Read MoreWhat Is Cyber Liability Insurance?
Just a decade ago, cyber liability insurance was scant more than a niche market. The insurers that offered it either did so at an outrageous cost—while failing to cover much—or as inexpensive, sub-limited addendums to existing cyber policies. Now, though, the cyber insurance market has burgeoned and become an essential element to any business’ risk…
Read More