solo malpractice insurance for corp work

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Anonymous User
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Joined: Tue Aug 11, 2009 9:32 am

solo malpractice insurance for corp work

Post by Anonymous User » Sat Apr 25, 2020 4:33 am

I've been doing corporate work on the side, nothing big, nothing too complex (e.g. avoiding securities offerings, complex deals, etc.). My work is mostly things like service agreements, contracts, corporate formation/governance, privacy policy/ToS, etc. for start-ups and small businesses.

Most of my clients have been friends, and I don't have malpractice insurance yet.

I want to expand outside of this network and start working with new clients. However, my workload is pretty small, since this is part-time. I expect my yearly revenues to be <30k (if that) from this work since this is a side gig.

Might be a stupid question but would it be worth getting malpractice insurance? (It's not required for my state). How comfortable would you guys be doing a dew projects before getting it? My main concern is... I'm not entirely sure if I will be able to land enough clients to warramt the cost.

I have 3+ years experience in my field FYI.

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