Client is asking for a copy off my insurance docs, should I share?

2017-09-12 13:32:00

One of my clients, with whom I am contracting, has asked for a copy of my full indemnity and liability policy documents.

Is this a reasonable request, or should I just provide the headline details?

As it can be expected that you do not have the private funds to cover the extend of your professional liability, this is actually quite normal and reasonable. I used to limit my liability to the amount covert by my insurance and guarantee the client that such an insurance was existent in my standard contract.

Great advertising also: "A limited liability company may just go bankrupt, but if make a mistake, I have a big insurance company backing me up with 2 million €!"

If the client wished to increase liability, I´d also offer that, but just factor in the increased insurance cost into my hourly rate.

  • As it can be expected that you do not have the private funds to cover the extend of your professional liability, this is actually quite normal and reasonable. I used to limit my liability to the amount covert by my insurance and guarantee the client that such an insurance was existent in my standard contract.

    Great advertising also: "A limited liability company may just go bankrupt, but if make a mistake, I have a big insurance company backing me up with 2 million €!"

    If the client wished to increase liability, I´d also offer that, but just factor in the increased insurance cost into my hourly rate.

    2017-09-12 14:16:55