Liability Insurance on a Per Project Basis
Liability Insurance on a Per Project Basis
(OP)
Has anybody obtained liability insurance on a per project basis? My employer just recently gave me the opportunity to moonlight and stamp my own plans using his company resources. This is because I give him a percentage of the project fee for using his equipment and supplies. It does not financially make sense for me to get insurance for myself full time since I am currently employed. So, has anybody been in this situation before? Now I am wondering if it would make sense to create a separate entity for tax purposes.
Any and all feedback is appreciated.
Any and all feedback is appreciated.





RE: Liability Insurance on a Per Project Basis
Wes C.
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Light travels faster than sound. That's why some people appear bright until you hear them speak.
RE: Liability Insurance on a Per Project Basis
Wes C.
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Light travels faster than sound. That's why some people appear bright until you hear them speak.
RE: Liability Insurance on a Per Project Basis
They used to have project specific PI insurance as well. If the contract specified minimum PI of 2 million thats what the get, if the contract stipulated 10 million, you get the idea. They even had certificates specific to each one.
RE: Liability Insurance on a Per Project Basis
I am in CA.
Thanks.
RE: Liability Insurance on a Per Project Basis
I think the reason is because the cost is very large.
"Do not worry about your problems with mathematics, I assure you mine are far greater."
Albert Einstein
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RE: Liability Insurance on a Per Project Basis
As for your employer, since he condones your moonlighting and even benefits from it financially, you've probably created a liability path to him as well.