When should consultants buy professional liability insurance?

Consultants who don’t know about professional liability insurance run the risk of being taken to court if one of their projects goes awry. Here’s a look at how such coverage may protect you and your livelihood.
As an independent contractor, you’ve probably had to set up your own insurance coverage, including health insurance and possibly other policies. Along with these, you must evaluate your need for professional liability insurance, which will protect you if a client files a suit regarding how you did or didn’t fulfill your professional obligations. This coverage, also called errors and omissions insurance, may be necessary, in addition to any general liability policy you may have, to protect you in the event that clients sue, claiming that you caused them financial loss or interruption of services.

Read the rest of this article here.