Malpractice insurance

  1. I have a small consulting practice, I presently carry 1 million dollars in malpractice. Should I increase this to 5 million?
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  2. 6 Comments

  3. by   dmagee
    It depends on what your state requires. The norm is 1mil with 3 mil in aggregate. It also depends on what your consulting about and the liability involved.
    David
  4. by   olympiad27
    Just curious,
    What kind of consulting do you do? Any suggestions on how to go about establishing yourself as a consultant?
  5. by   nightingale
    Olympiad:

    The last time Diana posted was in January. I suspect she may not respond. I hope she does.

    I did look at Diana's profile (click on the blue button under her post) and you will see her profile page. She has forensic backround with a certification in Mental Health.

    The Moderator
  6. by   renerian
    Hubby and I own a small consulting company for home health and hospice. This the coverage we carry.

    renerian
  7. by   nightingale
    I have liability insurance 1:6. I got it from NSO at a rate of $ 89 annually. There are many other companies.

    B.
  8. by   Enabled
    I to have 1 : 6 with NSO and have been satisfied till now. You can't beat the price and if filing long form it is considered a tax deduction if you meet your state guildlines. NSO also has a policy for half the price

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Malpractice insurance