[svlug] Re: How to be a Contractor? - incorporating
jbs at quiotix.com
Thu Oct 7 12:22:58 PDT 2004
joel williams wrote:
> (These days, meaningful insurance for our business is essentially
This is sort of true, in the sense that there are a lot of risks in
terms of errors and omissions, IP infringement, etc. that are difficult
to insure against, making it hard to achieve real asset protection with
insurance. But there are still plenty of risks that are not specific to
the line of business that can and probably should be insured against.
For example, if you're carrying a computer to a client site and drop it
on someone's foot, ordinary business liability insurance should cover
your liability for the injury. Similarly, regular car insurance may not
cover liability from accidents that occur while driving "on business",
so you probably want a rider or separate policy, etc.
By the way, I was sued by a client many years ago. The case was
eventually dismissed but not before running up $25K in legal bills (on
my side and I suspect a similar if not larger amount on their side).
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