Is there insurance for independent contractors and consultants?
I am interested in doing freelance and independent contracting, but something occured to me--is there insurance for independent contractors that helps pay astronomical damages such as when, for example, someone's installed plumbing bursts and causes $50,000 in damage or if a programmer creates a piece of software for a company with a security flaw that a hacker exploits and steals customer credit card information? Or do only registered and established businesses have this option?
- DevorealLv 61 month ago
It is called business liability insurance. Call CNA
- D50Lv 61 month ago
It's the same kind of "malpractice" insurance a lawyer would get. Call an insurance agent and ask him about it.
- Anonymous2 months ago
Almost any insurance you can dream up is available for a price.
- car253Lv 72 months ago
You received all perfect answers. Yes, there is insurance, business insurance and bonds to cover everything you mentioned. Call for insurance agents for some quotes. Shop around, not for the cheapest, but for the best. Research the companies.
- How do you think about the answers? You can sign in to vote the answer.
- StephenWeinsteinLv 72 months ago
$50,000 isn't astronomical, but yes, you can get business liability insurance.
- A HunchLv 72 months ago
There is different types of insurance.
A general contractor is required in most states to have a bond. They might have liability insurance in addition to this.
A programmer might have errors and omissions coverage that covers errors they make.
- Elaine MLv 72 months ago
Business insurance. Contact any insurance agent for a referral.