Prevent Losses

It’s a given that independent contractors working for your company need to carry adequate business insurance to cover unforeseen problems – or your company could suffer damages, with no means to recoup the loss.

With IPS, contractors have access to the best business insurance and coverage that money can buy – offering a level of coverage that contractors and vendors typically can’t touch on their own. IPS-employed independent professionals, as sub-contractors of vendors who work with IPS, are always carrying more than adequate insurance to protect your business from unforeseen risk.

An area of criticality often overlooked by business – and cause of great expense – is the difference between the face value of an insurance policy versus the per occurrence payout limit. Often organizations are unaware that a per occurrence limit that fall below the face value of a policy could cost your company millions.

With IPS you don’t have to worry. As a result of its good standing with leading insurance companies, IPS offers the highest policy limits and per occurrence coverage available in the business. What’s more, IPS assumes the difference in risk, eliminating business liability entirely.

Listed are the key types of insurance that all IPS consultants carry:

• Errors & Omissions or Professional Liability Insurance

  Covers business for any financial loss as a result of negligence caused by independent professionals. This is the most difficult and expensive insurance for an independent contractor to obtain. IPS offers the following coverage:

  $5M face-value/$5M per-occurrence

• Fidelity Bond/Crime Bond

  Protects a business from any loss resulting from such intentional acts of dishonesty as theft of money, equipment, or intellectual property. IPS offers the following coverage:

  $5M face-value/$5M per-occurrence

• General Liability & Excess Liability

  Covers a business in the event that an independent contractor causes damage or injury to company property or personnel. IPS offers the following coverage:

  $2M face-value/$2M per-occurrence