E &O insurance

[matt33]

I am starting a company (fisrt time) where I will be the sole employee. I am getting E&O insurance but really do not know how much I need. Does anyone know of a Insurance company with good rates for this? I was going to incorporate my business primarly to protect myself in case of a lawsuit. If I have E&O, do I really need to incorporate. Thanks to anyone who replies

 

[ALawyer]

If you incorporate any one harmed is likely to name you and your company anyway and even if you ultimately win, you're still in for a hard time with costs, etc. Get the insurance. As for how much, as one of the main benefits is defense costs, the first $100k is the most expensive and the rest is modest. It all depends on what you will be doing and your state and area and what you have to protect.