What Insurance Do Consultants Need?
No matter the industry, your business will inevitably face its fair share of risks and liabilities. While it’s easy to simply say that everyone should have a general liability insurance policy, such policies have limitations in coverage. This is especially true if you are legally considered to be a professional consultant, which has its own…
Read MoreHow 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 MoreTypes of Insurance Available for Small Business Owners
Running a small business requires the business owner to take on a significant amount of jeopardy. It’s a risk/reward type of game wherein the business could either one day turn into Amazon or go down in flames like the Hindenburg. Because of this risk, it’s vital that a small business owner protects his or her…
Read MorePotential Small Business Risks
In some ways, owning a business is like being a parent. There’s the joy of training your employees to perform in ways that help your business flourish. But there’s a distinct downside, namely that opening any business is flooded with managing risk, specifically liability risks. In the same way that parents end up having to…
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…
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