Do I need to insure my employee/business doing services in other peoples homes?

Question

So I am working on starting up a computer repair and upgrade company. It's part-time for me, but I do plan on hiring a tech full-time to do work in people's homes. How important is it for me to get some sort of insurance for him? For example if he accidentally trips and breaks something in the persons house...or something along those lines.

I guess more of what I'm asking is would it be worth it to not get the insurance for the one employee and eat the cost if he breaks something (which most likely won't happen)? Or just pay up from the get go? If going the insurance route is better, what could I expect to pay for one employee that lets say goes into two houses a day where somebody has to be home?

I do want to note that the employee is sub-contracted (1099 not W2)

Answer 1

Well you should get insurance to cover any type of damages that occur.
If you do not you can get sued and go bankrupt very fast and learn that way, the hard way of course!
Anytime that you hire someone as a full time employee you are required by law to set up taxes, social security, etc., as I am sure you know if your serious about sarting any business.
You can easily attempt to not have any insurance what so ever, and if anythign does happen as you discribed in your question, and they sue, you will soon discover how important it is to have insurance.
The best policy is to have insurance! Although you can go (if your lucky) awhile without it and may never need it. Its a gamble.

Answer 2

Extremely important.

Answer 3

Yes! Talk your insurance agent or someone who provides business insurance.

Answer 4

It is only important if you want to keep your business. And your house. And your car.

You get the idea.