Without self employed liability insurance, independent contractors are taking chances with their financial futures. Consultants and freelancers span all industries, but none are immune from lawsuits. Clients can sue for gross negligence, bad advice, damages or losses. Any member of the public can claim injury due to a product or service. Either scenario can result in the loss of personal assets if an independent contractor is not protected. The...more
We live in a litigious society today. Even if you are self-employed, you need to have self- employed liability insurance to cover any potential lawsuits. It is actually more important for a self-employed individual to have this coverage since the total sales, less taxes, is what the self-employed person lives on. Unfortunately, people will file a lawsuit, regardless of how frivolous it may seem to be, hoping that the person being sued will simply...more
In today's ever changing economy, lawsuits are filed by dissatisfied customers and disgruntled contractors on a regular basis. Civil lawsuits are often filed against unprotected, ill-prepared, small business owners. In many situations, these business owners are just self employed individuals operating a company of one. While these lawsuits are often frivolous, not every self employed business owners can afford to hire lawyers or defend against legal charges. For those who constantly fear expensive legal battles, self employed liability insurance provides independent contractors with a way to protect themselves and their assets.Business liability insurance policies may be purchased by any individual who seeks additional legal protection. These policies are offered by most major insurance providers, but many self employed individuals are unaware of the option for additional protection. In spite of insurance companies often marketing liability insurance to large companies, any individual operating their own business has the option of purchasing liability coverage. Once purchased, a business liability insurance policy can be used to protect the holder from a variety of...more
The opportunity to work from home or be self employed in general is considered a blessing. However, that same blessing brings responsibilities that you would not usually have to deal with working at a regular 9-5 job. One of these responsibilities is having self employed liability insurance. Working as an independent contractor or simply being self...more
As the economy continues to sputter, people start to run out of unemployment benefits and job prospects are slim, more people are considering self-employment. Whether this be as an independent contractor in a particular field or opening their own retail or e-commerce business, there are multiple considerations one must make before committing to...more
Self-employed liability insurance is insurance used to provide the self-employed with protection against lawsuits. General policies are available and can cover instances of libel, and slander, as well as many other types of potential lawsuits. Doctors and certain other professionals possess liability insurance in order to protect themselves from malpractice lawsuits. It is an extremely important type of insurance to have, and since an employer usually provides it to the employee, those who are self-employed will find it a necessity in the event they are presented with a lawsuit. Construction workers, small business owners, and contractors can all benefit from self-employed liability insurance especially since so many lawsuits stem from accidents that happen on a construction site or after a project is completed. It is sometimes wrongly assumed that personal liability insurance will protect small business owners from any lawsuit related to their professional careers, but this is not the case. There are several types of liability insurance to choose from, including: general liability, contractor liability, and small business liability insurance. Self-employed liability insurance is...more
There are many benefits to working for oneself. Some of the main reasons people choose to be self employed include extra freedom, income potential, and the appeal of owning a business. It's a completely different experience from working for...more
For the self employed, liability insurance is no optional luxury. It is an essential business expense and is often a requirement for working with other business contractors, especially in the building trades. This type of business coverage pays for...more
Because working at home has become a very popular choice for many, self employed liability insurance has become increasingly more relevant. For those that run a small to medium sized business out of their house, it is very important that they protect...more
Self employed liability insurance is important to have if you plan on opening up your own business because customers are eager to sue owners. When in the market to purchase insurance, don't choose the cheapest policy. In business, you want to be...more
Self-employed people often choose this type of employment because they like the flexibility it provides and they enjoy being their own boss. It's crucial to remember that even if you think of yourself as an individual contract worker, you are...more
If you want to make sure that you are protecting yourself, your family and your assets, you are going to have to invest in self employed liability insurance. It may be a shame, but there is no denying that there are a lot of people who will start...more