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It comes 2 general categories General liability in case a PC accidentally falls while you are touching it. Generally covers loss of physical assets. Cost should be under $500 per year. Sometime a client wants you to list them on the policy which only causes the insurance company to notify the client if you cancel or they cancel for non payment. Professional liability covers unfortunate outcome and not just professional malpractice. Generally purchase through a group (e.g. IEEE or ICCA) and the cost can run as high as $25,000 per year. Same situation of a client wanting to be listed. Some believe working as a corporation will protect you from financial losses. Anyone can go after you personally. Nothing stops a judge from saying the corporation is just a "false entity" in a liability situation. donnelly wrote: >This is a multi-part message in MIME format. >-- >[ Picked text/plain from multipart/alternative ] >I'd appreciate any comments about Contractual Insurance. > >1 - What liabilities does it need to cover ? > >2 - Are clients very concerned about it before signing commitments ? > >3 - What is the cost and where do you get it if needed ? > > >-- > >_______________________________________________ >This is the Consulting on the iSeries / AS400 (Consult400) mailing list >To post a message email: Consult400@midrange.com >To subscribe, unsubscribe, or change list options, >visit: http://lists.midrange.com/cgi-bin/listinfo/consult400 >or email: Consult400-request@midrange.com >Before posting, please take a moment to review the archives >at http://archive.midrange.com/consult400. > >
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