Business Insurance for Contract

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    • #42956


      I would like to ask for some advice. I have a question about business insurance. My husband and I have formed an LLC (Colorado) for video production and multimedia. We have been offered a contract to create training videos for a corporation near Philadelphia. They are to provide the scripts, storyboards, and voiceovers. We will create the videos in our studio (in the basement of our home). No one else will be working there.

      They started out offering us contracts as contractors, which I believe would have gone through their HR office, but we asked them if we could be paid through our LLC instead. They had a legal/accounting person send us a contract for “Consulting Services, Training and Development Support Services,” with one of the items being a requirement that we have Comprehensive General Liability ($1,000,000 each occurrance) and Professional Liability — Errors and Omissions ($1,000,000), naming their company as an additional insured under both policies.

      My husband (a student) talked with one of his professors who has worked in the industry for years, and he asked several others in the field, and they’ve said that is not a common requirement for a video contract. The professor recommended we ask that it be waived.

      Do you have any experience with this situation? From some of the forums I’ve read, it seems like a good idea to get the General Liability insurance, but maybe not the E&O, especially if they provide the scripts, storyboards, and audio? What about the request to list the company as an insured on our policies?

      If we do need to get those policies, any recommendations for an insurance company?

      My State Farm agent has said they would cover the General Liability but not the Errors and Omissions.

      Any advice would be welcome!


    • #179937

      Naming your client as a “named insured” simply means that they get first priority if there are multiple claims against the policy, so I wouldn’t worry about it. Since you are not working on their premises you would be OK to ask for a waiver on the insurance requirements.

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