Contractor’s insurance usually covers issues that arise from on-site labor. It is often used by contractors who work in clients’ homes, such as plumbers and electricians. However, more professionals in Portland, OR are discovering that they may also need this type of coverage.

Contractors Insurance

Accountants generally do not need contractors’ insurance unless they are freelancing and working in someone else’s home or on a client’s computer. In that situation, the coverage may help protect against a lawsuit, such as if you accidentally damage a client’s equipment. Even though most accountants do not require contractors’ insurance, they do rely on other types of coverage for protection. Einstein Insurance can help you understand what is appropriate for your situation.

Professional Liability

Professional liability insurance can provide protection against lawsuits arising from financial advice or services. Clients may sue if they believe the advice they received caused them to lose money, even if the guidance was reasonable. A liability policy can help cover legal defense costs and potential settlements.

General Liability

Every business needs general liability insurance. These policies help protect against claims arising from common incidents, such as slips on a wet floor or injuries during a visit to your office. Without this coverage, a single lawsuit could jeopardize a business’s financial health.

Cyber Liability

Many professionals store sensitive information, including names, addresses, and Social Security numbers, on their computers. Cyber liability insurance provides protection if you experience a data breach or face a lawsuit related to compromised information. As cyber threats continue to grow, this coverage is becoming increasingly important.

Agents at Einstein Insurance work with a wide range of professionals to help them secure the coverage they need for their line of work. Contact us today to get started. We proudly serve the Portland, OR area.