Consultants, at what point in the consulting process is insurance required?
I’m not trying to get into consulting, but I am interested in how the insurance aspect of things work. Would you need to be insured if you’re doing a virtual (zoom based) training? Or does insurance only become applicable if you step foot on a clients property?
Comments (12)
I have professional liability insurance, as well as general liability, commercial auto, and worker's comp. for our firm. The professional liability insurance is one of the most important for consultants, IMO, since we're providing technical advice and recommendations. If we provide incorrect or inaccurate information to a client, which then results in someone getting hurt or killed, that's where the professional liability insurance comes into play. The professional liability insurance applies to any work environment (on property or virtual).
You need insurance from the beginning. Someone could say they followed your training and that caused them to get hurt. Only in America.
Looks like this is pretty well covered, but the answer is right from the beginning. As soon as you do something that could result in a lawsuit, you should have insurance.
Here's a really good white paper from ASSP
https://www.assp.org/docs/default-source/membership/liabiltiy_insurance_article_terrygrism.pdf?sfvrsn=56fc047_0