Board lawyers - a good link or advice would be nice.
Background - I've been in job hell since last April. Just transitioned to contractor status due to lack of work with my company, but about to terminate that situation in favor of a 6 month contract job that could (at best) morph into a full time job if this company's growth plans come through, but at worst gives me a 6 month landing place at great pay with the freedom to look for a full time job.
Anyway, one of my closest friends works at this target company and I would be supporting the solo GC who is overwhelmed with work and needs help. If things work well and the GC gets his wish, he'll hire me full time ASAP. All he asks is that they get a kind of informal Right of First Refusal if I get a full time offer. That is, they realize I need some stability but want a chance to add me as a FTE if possible.
My question involves possible insurance (E&O? Professional Liability) I might need as an independent contractor in a legal role. When I first moved to Austin, I started in a Contract role, but I was younger, relatively unsophisticated, and, more importantly, a judgement-free debtor if you catch my drift. With my financial stakes a little higher, I'd like to know if it's worth it to purchase short-term insurance, what the costs are approximately, and what providers are out there. I'm assuming my State Bar website might be a good place to start. I've never had to explore this before as I've always either worked for a firm or in-house as a FTE.
Thanks in advance.
This post was edited on 3/14 2:31 PM by Chickenman Testa
Background - I've been in job hell since last April. Just transitioned to contractor status due to lack of work with my company, but about to terminate that situation in favor of a 6 month contract job that could (at best) morph into a full time job if this company's growth plans come through, but at worst gives me a 6 month landing place at great pay with the freedom to look for a full time job.
Anyway, one of my closest friends works at this target company and I would be supporting the solo GC who is overwhelmed with work and needs help. If things work well and the GC gets his wish, he'll hire me full time ASAP. All he asks is that they get a kind of informal Right of First Refusal if I get a full time offer. That is, they realize I need some stability but want a chance to add me as a FTE if possible.
My question involves possible insurance (E&O? Professional Liability) I might need as an independent contractor in a legal role. When I first moved to Austin, I started in a Contract role, but I was younger, relatively unsophisticated, and, more importantly, a judgement-free debtor if you catch my drift. With my financial stakes a little higher, I'd like to know if it's worth it to purchase short-term insurance, what the costs are approximately, and what providers are out there. I'm assuming my State Bar website might be a good place to start. I've never had to explore this before as I've always either worked for a firm or in-house as a FTE.
Thanks in advance.
This post was edited on 3/14 2:31 PM by Chickenman Testa