What Is Professional Liability Insurance For Consultants

Why do consultants need liability insurance?

General Liability Insurance for consultants covers damage to property or injury to people. For example, if you have an office and a visitor stops by, any bodily harm they incur on your business premises could become your financial responsibility. Say this visitor trips over the welcome mat and breaks a bone.

Why should I get professional liability insurance?

Professional liability insurance might be required by your industry or by lawGovernment contracts. Federal Acquisition Regulations require businesses working on government projects to carry insurance, including professional liability coverage, for "the perils to which the contractor is exposed."Healthcare providers. ...Attorneys. ...Real estate professionals. ...Insurance agents. ...

What kind of insurance does a consultant need?

As a consultant and independent contractor, you should consider having public liability insurance and professional indemnity insurance. If you engage other workers as employees, you will also need workers compensation insurance.

What do you need to know about professional liability insurance?

Professional liability insurance. In many states, professionals are required to purchase professional liability insurance in order to practice. ...Cyber insurance. This can protect you from damage due to data breaches.Management liability and employment practices liability insurance. ...

What Is Professional Liability Insurance For Consultants

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