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Keep Control of Your Subcontractors with Well Written Agreements

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Keep Control of Your Subcontractors with Well Written Agreements

 

When it comes to working subcontractors, there are so many advantages. Especially as a programmer or systems integrator, sometimes work can become too overwhelming, or perhaps you have run into a project that needs a little more expertise than you can provide. This is where hiring a subcontracted programmer can come in handy. Just make sure that you don’t get burned.

 

As the company that the project was originally given to, you are ultimately responsible for its outcome. This is why it can sometimes be risky to hire an outside source to finish up the work that you were unable to. If the subcontractor performs shoddy work, misses deadlines, or steals the client’s data, you are ultimately going to be responsible. If you require your subcontractors to sign comprehensive agreements, you can minimize the risk of hiring these valuable sources of help. By clearly outlining deadlines, project scope, and responsibilities, your agreement will keep you liability-free (provided you included/anticipated any problems that arise).

 

General Liability Insurance

What Is General Liability Insurance? Commercial General Liability Insurance protects small-business owners from claims of injury, property damage, and negligence related to their business activities.

Workers’ Compensation

What Is Workers’ Compensation Insurance? Workers’ compensation insurance covers your employees’ medical expenses and at least some portion of their lost wages if they are injured on the job.

Business Owners Policy

What Is a Business Owners Policy? A BOP is simply bundled insurance designed to provide essential coverage to certain business owners at a competitive price. A BOP insurance coverage includes

Professional Liability Insurance

Professional liability insurance also called , errors and omissions insurance (E&O; insurance), protects you if a client claims that your services caused them to suffer a financial loss. While general liability insurance is primarily focused on property damage or bodily injury,

Disability Benefits Insurance

Employers in New York State are obligated to offer disability benefits insurance to their employees. This coverage is specifically designed to provide financial assistance in the event of off-the-job injuries or illnesses.



Business Umbrella Insurance

Without Business Umbrella Insurance (also sometimes called Umbrella Liability Insurance or Excess Liability Insurance ), you would have to pay the uncovered expenses out-of-pocket. Even if you carry General Liability Insurance for your business, without business umbrellainsurance you might face a repair, settlement, or judgment in excess of your coverage limit.

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