OT: Business insurance for independent contractors

[Matt Sullivan]

Business liability insurance is usually quite expensive for what you get,
but I got great advice from an insurance pal...

For those only needing self-coverage, attach a business rider to a homeowner
or renter policy. If you already carry such insurance, the increase in rates
is maybe 1/3 compared to a full policy and can give the exact coverage
needed.

If you don't already have some sort of personal property insurance, here's a
great excuse to cover things like engagement rings, watches, etc.

I think adding the business coverage along with items over my normal policy
limits was about 1/2 my previous business policy.

If anybody needs direct advice, I "know a guy"
Contact me off list if you'd like to email him.

 

-Matt Sullivan

 

GRAFIX Training, Inc.

An Adobe Authorized Training Center

www.grafixtraining.com

888 882-2819 


-----Original Message-----
From: framers-bounces+matt=grafixtraining.com at lists.frameusers.com
[mailto:framers-bounces+matt=grafixtraining.com at lists.frameusers.com] On
Behalf Of Alan Litchfield
Sent: Monday, April 30, 2007 6:55 PM
To: Pat Christenson
Cc: framers List
Subject: Re: OT: Business insurance for independent contractors

Hi Pat

>
> Anyway, if anyone here is carrying it, I'd be interested to hear
> about your experience. Feel free to contact me offlist.
>

I have both general business insurance with large public liability cover and
where necessary I get professional indemnity insurance. The professional
indemnity insurance is the one that is really expensive. I only bother with
it
on specific jobs, otherwise I ensure that processes are in place where the
liability/accountability is held by the client.

When I have professional indemnity insurance the cover is only for the
specific job and is always a hassle to get sorted.

Cheers
Alan

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