Independent contractors

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.

The most common type of commercial insurance, general liability insurance, costs about $30 per month. As a tech entrepreneur, you are putting countless hours and energy into your business, and this coverage can protect what you are building.

With the gig economy in full swing, working as an independent contractor can be an attractive option for IT professionals. But the rewards of being your own boss also come with risks. That’s why you should consider errors and omissions insurance for independent contractors.

Large companies aren't the only ones vulnerable to lawsuits and other unplanned expenses. Tech freelancers face the same business risks.

An additional insured is a business, individual, or other entity included in a general liability policy in addition to the named insured. Additional insureds are typically covered only during a loss claim that directly affects them.

When you have vicarious liability for something, it means you could be held legally responsible for any resulting harm even though you didn’t directly cause it. For example, a tech company could be held accountable for the actions of an employee.

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.