IT Professional Liability Insurance?

I have started the process of creating an IT consulting firm. I came across the Apple Consultants Network page. They require a $1 million General Liability insurance coverage. I did some research and found Hiscox on line at
IT insurance ? Technology Insurance for IT Professionals

has anyone used them, do we need it and is it recommended?

1. Professional Liability Insurance and the general coverage? [h=2][/h]

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Comments

blargoe

I'm curious about this as well. Do you guys that contract independently (1099 or W2) work corp to corp need liability insurance?

TLeTourneau

I do corp to corp (no 1099 orW2 work) and carry liability and E&O coverage. Best to be safe. For the OP, I've never worked with the company you mentioned. I got my insurance from a local agent.

netsysllc

Though you have to buy a membership which most people find valuable in itself, the ASCII group for IT professionals has some partnerships for insurance at good rates ASCII Group Rate Insurance for MSPs | The ASCII Group, Inc.

themagicone

Hiscox is good, but not great. About $50/month will get you a decent policy. I do IT consulting and field work. Now I carry a $4,000,000 policy from Hartford, about $1600/year. Covers damn near anything except the world imploding.