I am sitting on a potential client that requires our company to have insurance. My group is small and all of my staff is contracted and work remotely.
I looked into Hiscox and it sort of seemed straight forward in terms of policies and what we do but, I would rather hear what is used (and the expense) from actual customers vs an insurance salesman. I was told Professional Liability is what would best fit me since it encompasses data loss, business to business services and software usage.
We have been in business for 9 years now and this is the first time this has come up, so whether you are a freelancer or business owner I would like to know:
1) Who you use for business insurance
2) What does your policy cover
3) Your expense (not necessary if you are not comfortable sharing)
4) How long have you had insurance
I almost feel silly for not having this before but, I have also read elsewhere that it is not something entirely mandatory.
I looked into Hiscox and it sort of seemed straight forward in terms of policies and what we do but, I would rather hear what is used (and the expense) from actual customers vs an insurance salesman. I was told Professional Liability is what would best fit me since it encompasses data loss, business to business services and software usage.
We have been in business for 9 years now and this is the first time this has come up, so whether you are a freelancer or business owner I would like to know:
1) Who you use for business insurance 2) What does your policy cover 3) Your expense (not necessary if you are not comfortable sharing) 4) How long have you had insurance
I almost feel silly for not having this before but, I have also read elsewhere that it is not something entirely mandatory.