More than just insurance “for a rainy day,” umbrella insurance is so named because it acts like an umbrella, adding additional coverage amounts over certain underlying policies. Also called “excess liability insurance,” umbrella liability insurance gives your company higher coverage...

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Congratulations! You’ve won the business with a new IT client and are ready to get to work. To start this new business relationship with clear expectations, it’s time to define your scope of work, set your payment and pricing terms to ensure you get paid fairly, and protect your business...

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You’ve got pen in hand, ready to sign a new client contract, and then you glance at the fine print. It says that to get the work, your IT business needs to carry five different kinds of insurance. That can’t be right! Or can it? If you’ve already got E&O, general liability and small...

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So you’ve got a new client, contractor, or employee, and you need a contract to protect your business interests. But how to create an IT contract? Do you hire an attorney to craft a contract from scratch? Often this can prove to be too costly, especially for smaller companies. Should you pull out...

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There’s a lot of peace of mind that comes from knowing your small business is insured. But it is important to understand your business's risks and what the various types of business liability insurance are intended to cover. For example, understanding what general liability insurance is not intended...

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If you face a claim related to work done by your subcontractor, you don’t want to find out too late that your insurance policy won’t pay. If you’re hiring independent contractors, it pays to know in advance whether your business insurance policies provide coverage for them or the work...

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What is workers’ compensation insurance? Workers' compensation insurance covers your employees' medical and disability expenses related to work-related illness and on-the-job injuries. Employers' liability coverage , which is normally included on a workers’ comp policy, protects your company...

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By John B. Alsterda and Christine Polk Mohr, Davis McGrath L.L.C . A corporation is a legal entity created by or under the authority of the laws of a state. The corporation is distinct from the individuals who comprise it. That is, a corporation is distinct from its shareholders. The term “corporate...

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By Champ W. Davis, Jr. Attorney, Davis McGrath L.L.C . Generally, businesses enter into a contract expecting things to go smoothly, with contract obligations fulfilled and no disputes along the way. Unfortunately, such expectations aren’t always satisfied. When a contract dispute arises, one party...

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Many small business owners purchase higher limits on their errors & omissions insurance because their client contracts require it. But what about when those contracts expire? Is it a good idea to save a little money by reducing your professional liability policy limits? Or, what if you already have...

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