Follow up on insurance question
- Thanks to all that contributed to my question about
insurance. Maybe if I give a bit more detail it would
I own a small company, myself plus two on call
consultants, where we provide outsourced HR solutions
to small to medium sized companies. Most of the work
to date has been project related, i.e. developing a
handbook, providing training, workshops, etc. We now
have the opportunity to become a fully outsourced HR
department for a small manufacturing firm, that needs
our help in the Health and Safety arena and then the
development of other HR fundamentals. (I am located in
when speaking with a friend of mine in the business
she counselled us to have both personal injury
insurance, in case we get injured at our clients site,
but also liability insurance. This part arose b/c the
firm has been targeted for a work well audit and she
didn't want the client (if they didn't pass the first
round) to turn around and sue me). I thought that if I
made that clear in my talks with the President and
mentioned it in the simple letter of agreement that
would suffice. But my friend is adament that if I
don't have liability language in the contract and
insurance that I could be opening myself up to a real
mess if things go bad.
Hence my question to the group.
My own humble opinion is that I have never had to do
this before, all of the clients that I have had to
date, have all signed a very simple letter of
agreement and walked away happy. That being said,
there are always those bad nuts out there that make
extenuating circumstances possible!
I plan on calling my insurance company to see what if
anything they offer in this arena.
Would be interested if given the particulars of the
situation that there is something else to consider.
Again, thank you for your advice, very much
Fluid Business Solutions
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