Business structure
State laws usually require businesses to buy workers' compensation insurance when they have employees. But if you work as a sole proprietor or an independent contractor, you may still need this coverage.
As an independent contractor, general liability insurance might not top your list of priorities. But when something goes wrong, it can protect you from expensive legal costs.
Working as an independent contractor can be an attractive option for professionals in the IT, media, consulting, and other sectors. But the rewards of being your own boss come with risks. Consider E&O insurance to protect yourself from claims of negligence, work mistakes, missed deadlines, and more.
Your startup could be the next big thing. To take your company to the next level and secure your dream by protecting you, your investors, and your team with the right startup insurance.
Sole proprietors face many of the same risks as larger tech companies, which makes business insurance just as important. Discover recommended policies for sole proprietors in IT.
While an S corp shields tech business owners from some legal liabilities, it’s still important to protect yourself with business insurance.
Once you’ve registered as a limited liability company (LLC), your personal assets are protected against the risks of running a business. The next step is to make sure you have the right insurance coverage for your tech company.
The most common type of commercial insurance, general liability insurance, costs about $30 per month. As an entrepreneur, you are putting countless hours and energy into your business, and this coverage can protect what you are building.
Large companies aren't the only ones vulnerable to lawsuits and other unplanned expenses. Tech freelancers face the same business risks, which is why they need insurance.
If you’re self-employed, it may not seem important whether you consider yourself an independent contractor or freelancer. But it may matter to prospective clients.
When you own a small IT business, your focus is usually on your work and on your clients. However, it's worth taking time to consider what kind of legal structure you need and whether your needs will change as your business grows.
Companies of all sizes in the tech industry face the same basic business risks. Business insurance can help IT independent contractors protect themselves from liability.
