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 employed means that you are responsible for insuring yourself. Life can take many turns and having...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 self-employment or running their own business: working capital, taxes, vacation, self employed...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 somebody else. One of the biggest differences between working for a company and being your own company is...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 property damages, or proposed damages, and bodily injuries occurring on business premises or caused...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 all of their personal assets - a lawsuit would impact more than just their business. If a business owner can be held responsible for something in a court of law, then they are liable for it. Here is some advice for those seeking to insure their business and family from liabilities.Self employed liability insurance is vital to any person that operates out of their homes - especially for those that plan to have customers on their personal property. If customers are going to be invited into the house then even seemingly innocent factors such as pets can become a liability. Insurance coverage that protects the business owner is essential if there are going to be additional employees - accidents on the job site happen very frequently and can leave a business out of thousands of dollars if the lawsuit is successful. A loss that large could potentially shut-down a small operation with limited funds. There are several different types of...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
Can I Change My Business Insurance or Professional Liability Insurance Limits as my Needs Change? Many small business owners purchase higher limits on their errors & omissions insurance because their client contracts require it. But what about...more
Professional Liability Insurance Overview - Pt2 Professional Liability 101 - Part 2Common Questions & AnswersOverall:The following information is offered as general information, it is not intended nor does it replace a thorough understanding...more
Public Liability Insurance for Tradies If you're considering Public liability insurance Australia, look for a company that excels in arranging public liability insurance for tradesmen. Of all insurances, Tradesman public liability insurance is...more