Here is what I have in my contract, where I can buy one and how much is it cost? I'm doing SEO for a company in the USA and I'm based in Poland.You can obtain business insurance from various insurance providers, both online and offline. Several reputable companies specialize in providing insurance for contractors, especially those working with US companies.Insurance Requirements. The Contractor, at their own cost, shall secure and sustain comprehensive insurance coverage. This includes general commercial liability, professional errors and omissions, and coverage for personal injury and property damage, with a minimum combined single limit of US$3,000,000 or its equivalent in local currency. Upon request, the Contractor shall provide the Company with a Certificate of Insurance (or a certified translation if the original is not in English). This Certificate must specify that the insurance policy cannot be altered or cancelled without a minimum of thirty (30) days’ prior notice to the Company. Additionally, the Certificate must name the Company as an additional insured and confirm that the insurer has waived any rights of subrogation against the Company.
Based on your contract, you need a policy that includes:
- General commercial liability: This covers damages or injuries to third parties caused by your work.
- Professional errors and omissions (E&O): This protects you from claims arising from mistakes or negligence in your SEO services.
- Personal injury and property damage: This covers injuries to individuals and damage to property caused by your work.
The minimum combined single limit required is US$3,000,000.
To find suitable insurance, research different providers in your area and compare their offerings, including policy coverage, premiums, and customer reviews. You can also consult with an insurance broker who can help you find the right policy and negotiate favorable terms.
Remember that the insurance provider should issue a Certificate of Insurance (COI) that meets your contract’s requirements, including:
- Specifying the required coverage details.
- Including a clause stating that the policy cannot be canceled without 30 days’ prior notice to the US company.
- Naming the US company as an additional insured.
- Confirming that the insurer waives subrogation rights against the US company.
The exact cost of your insurance will vary depending on factors such as the type of coverage, the limits, your business size, and your location. Be prepared to provide the insurer with detailed information about your work and your business to get an accurate quote.