>>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.
>>
>>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.
>>
>>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.
>
>That is an interesting point. Makes me wonder...
>
>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.
>
>

This is why since day 1 (25 years I run my company) I always rented an office space. I hope the money I have spent on rent is worthwhile to protect me from someone taking the personal assets. But, of course, nobody knows.