To start you likely need a commercial general liability policy and some companies offer these for a minimum premium of $350 and they go up from there, so they aren't very expensive for picking up 1-2 Million commercial coverage. A lot of companies won't give out contracts unless this type of coverage is in place so people buy them for that reason alone but that is missing the point. Protect yourself! There is potential for some very large claims that could put you under without proper coverage. You may also want to look at E&O coverage but this is seperate and a lot of contracts don't require it but it is also important. Peace of mind that you can also write off....
|