The quick and simple answer is yes, especially if you want to protect your small business from any legal trouble. If you are a small business who hires contractors, it’s quite possible that you can be found liable for any mistakes they make—mistakes that can often far exceed the amount of the original contract to begin with.
Read on to learn:
- What types of liability insurance is available on the market, and what type is key to require contractors to have
- The risk management precautions to take when working with contractors
- What your business is liable for when something goes wrong
I spoke to the small business insurance leader, Tech Insurance, about this very issue. You can read the full article at techinsurance.com