Business Insurance

Business insurance coverage is a critical marketing issue for most consultants. Without sufficient coverage the market for your services is restricted.

Most fortune 1000 companies require their vendors to carry a wide range of business insurance coverage with substantial policy limits. If you do not have the required coverage you are often denied access to work directly with the company and are forced to work through their Preferred Vendors at substantially reduced billing rates.

The cost of Business Insurance varies widely depending on the type of insurance. In addition, the combination of the maximum dollar amount of coverage (Policy Limit) and the maximum payout per occurrence (Claim Limits) have a significant impact on the quality and cost of the insurance policies. Your clients are familiar with these issues and will ask for evidence of your coverage before signing a contract or make it a requirement to produce evidence of sufficient coverage before initial payment.

To meet the requirement Iprofessional provides a robust suite of business insurance coverage, which is by far the best in the industry. Our coverage is as follows:

• Professional Liability - Policy Limit of $5,000,000 and a Claims Limit of $5,000,000
• Fidelity/Crime Bonding - Policy Limit of $2,000,000 and Claims Limit of $2,000,000
• General Liability-Policy Limit $2,000,000 and Claims Limit of $2,000,000
• Excess Liability - Policy Limit of $5,000,000 and Claims Limit of $5,000,000

Don't be fooled by services that say they have all the typically required insurance coverage you will need. Many companies will skimp on their plans leaving you with low Policy Limits and low Claim Limits. This will hurt or even revoke your eligiblity to work with many clients.