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 by the actions of or negligence by an employee of the business. In some cases libel and slander are...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...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 covered in every aspect as possible. For instance, if a customer happens to fall inside of your business, you'll be liable. Without the right coverage, you'll end up paying a lot of out-of-pocket expenses. The best policy coverage will protect you 24-hours in case of an emergency. The policy will take of medical and legal costs and property damages. The policy will also cover a customer that happens to come to your home to do business.When it comes to purchasing self employed liability insurance, the agent will find a policy that is right for you. Just because you're self employed, doesn't mean that all self employed workers pay the same premium. Your premium may be based on how much your total payroll is for the month. It all depends on what type of business you have. It's a good idea to get quotes from several agents or companies before settling one. One company may offer you the same coverage, but at a lower rate.Shop online or go to one...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 actually running your own business. Doing so can be rewarding and exciting, but it can also be risky. Part...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 rather frivolous lawsuits just to make a buck. Since you face a lot of risk, you will need to take the...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 when those contracts expire? Is it a good idea to save a little money by reducing your professional liability policy limits? Or, what if you already have coverage, but a new contract requires a higher policy limit? Can you increase coverage in the middle of the annual policy term?We answer these and other frequently asked errors & omissions questions below.Is coverage fixed for an annual period, or can I modify my policy limits during the year?Policy limits can often be adjusted during the year, though some insurance companies have restrictions regarding this. As a rule, they are willing to increase the limits due to contract requirements, but may request a copy of the contract. Their concern is that your request to increase your coverage amount may be related to an incident that has already occurred, and they do not want to increase the amount of coverage when there is already a potential or pending claim.If I want to increase and...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
Risk Sharing through Insurance Liability The existence of risk creates the need, or at least the desire, for insurance. So what is insurance? Insurance is a legal and contractual arrangement for risk sharing, the spreading of risk among people...more
Contractors Liability Insurance California is useful because you can plan of a work without insurance but you cannot perform your action without a Contractors Liability Insurance California. The cost of the insurance varies because there are...more
Contracting business has its intimate relation with workers. If you are going to start this business then it is essential for you to hire workers. Like every business this business also comprises some risks along with profit. In a manufacture...more
Being a business owner means that you are legally responsible - liable - for anything and everything connected with your business. Besides the normal liability you take on with your products or services, you are even liable for damages if someone...more