>>We are incorporated in New York and do business in and around NYC, the world HQ of Litigation, Inc.
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>>We've never been sued either, but I've seen some awful things happen to some innocent colleagues.
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>>A few thoughts:
>>1. Incorporate or piggyback on another corporation. NEVER do anything as an individual.
>>2. Have a contract that limits your liability to the refund of fees paid for your service or product, no matter how trivial the project.
>>3. Don't give the vultures an attractive target. Stay lean and don't keep any appreciable amount of valuable assets - especially cash- in the company.
>>My company doesn't have a liablility policy because we disburse all the cash as salary and the value of the assets at risk < the present value of the liability premiums required to protect them.
>>The typical litigation attorney won't waste time suing a company with no insurance and small amounts of cash or other liquid assets.
>>A liability policy gives them an inviting target.
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>>If you think about it in our business which doesn't tend to have a lot of fixed assets, etc, a liability policy benefits the litigator more than it benefits us.
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>That is an interesting point. Makes me wonder...
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>We do have a fair amout of assets considering we are a tiny (my wife and I plus contractors as needed) company. It's all vehicles (just 1 actually), equipment, and software. I'd hate to have that cleaned out.

If you ever have any available contract work, give me a shout. I always enjoy working with new people to see what makes them tick.

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>>Some large clients require an errors and omissions policy.
>>In those cases, we got one to cover that project and then cancelled it.
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>>>>Welcome to the United States of Litigation.
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>>We maintain liability insurance for errors and omissions and whatever else we've been required to have for various federal, state, and corporate subcontracting gigs. It's not horribly expensive.
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>>Considering all the people I've met that would throw me under a bus rather than admit they were at fault, I call that a requirement. Yes - you've met them too.
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>>We haven't been sued (or threatened to be) yet. But you never know..