After working for several years as a full time employee investigator, I am now starting work solely as a 1099 CI. Those of you who have experience working as a 1099 CI, do you recommend I carry Professional Insurance (Errors and Omissions?) And if so, can you recommend an insurance company? Many thanks!
I know several 1099 investigators (all have to be LLCs with Perspecta) and no one carries E&O insurance. Umbrella liability to cover your personal assets. Can’t think of what you could be sued for doing this job? I would think that the prime contractor (deeper pocket) would be a more likely target since they hired the 1099 entity. Just my opinion (not a legal or financial guide).
mdguy, thanks for taking the time to reply. I appreciate your opinion.