Know anything about E&O or liability insurance for consultants?

[soothsayer]

I'm an independent consultant (read: laid off, thanks *, and trying to make it on my own). Company I want to consult to requires me to carry some kind of professional liability insurance, which actually sounds quite sensible. I'm a management consultant, for lack of a better word. Anyone out there have a clue as to where I go to get this stuff---on an affordable basis in particular?

Thanks!

[democracyindanger]

1. You might try here

http://www.workingtoday.org/index.html

It's a NYC org for freelancers; I know they deal with health insurance--they'd probably have an idea of what you're talking about.

[soothsayer]

4. thanks!

[WCGreen]

2. Don't call Gieco....

Seriously, ask your regular insurance agent or someone else in the field,,,

You need it, trust me....

[soothsayer]

6. thanks

[welshTerrier2]

3. SBA?

maybe these guys are worth a call: http://www.sba.gov/answerdesk.html

[soothsayer]

5. thanks---worth a shot

[thebaghwan]

7. E & O insurance

E & O stands for Errors and Omissions Insurance. It is rather unusal that they want a "management" consultant to have E & O as it usually is for people who design things like engineers and architects. You may be able to talk them out of it. It is worth a try since I presume you are not designing anything. If they balk ask to talk with the Company's risk management group to see exact;y what is needed. Be sure you explain to them exactly what you will be doing. When we nedd E & O we get it from Marsh Insurance whixh is a very large surety company nationwide. Hope this helps

[soothsayer]

8. Thanks! Maybe it's just professional liability insurance. I'm sure

you're right about that.