Insurances.net
insurances.net » Liability Insurance » Self Employed Liability Insurance - The Forgotten Necessity
Auto Insurance Life Insurance Health Insurance Family Insurance Travel Insurance Mortgage Insurance Accident Insurance Buying Insurance Housing Insurance Personal Insurance Medical Insurance Property Insurance Pregnant Insurance Internet Insurance Mobile Insurance Pet Insurance Employee Insurance Dental Insurance Liability Insurance Baby Insurance Children Insurance Boat Insurance Cancer Insurance Insurance Quotes Others
]

Self Employed Liability Insurance - The Forgotten Necessity

Self Employed Liability Insurance - The Forgotten Necessity

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 liability insurance, and potential employees, just to name a few. The decision to become self-employed can be an exhilarating or stressful experience depending on your due diligence. Getting all the facts and weighing the options will make the process go much more smoothly than diving in blind.

Most people take into consideration major aspects of self-employment; yet tend to forget about underlying costs. Very few people choose to start a business they won't enjoy and most are smart enough to run the numbers and determine profit feasibility. What typically happens is that although they factor in things such as rent, electricity, and postage, in essence all the obvious costs, what they tend to omit are the ancillary costs of being self-employed. For example, when selling a product overseas, very few people factor in customs charges, time spent correcting mistakes or the cost of self-employed liability insurance to cover potential mishaps.
Self Employed Liability Insurance - The Forgotten Necessity

Most small businesses fail to be sustainable not because the concept was a poor one or that consumers did not desire their product or service. Most of them fail due to unforeseen expenses that could have easily been factored into the business plan and absorbed with working capital. One example that comes to mind is an old family friend that was a self-employed electrician; he had no employees and was quite content with his small business. He made a silly mistake and damage was caused to his clients building. He never thought about self employed liability insurance and the costs put him out of business.

These seemingly little things like a valid business license, federal identification numbers and self employed liability insurance, all in which had no bearing on his ability to do electrical work or complete jobs, in essence, bankrupt him. When considering a career change, whether it be opening your own business, working as an independent contractor or taking a new position with a corporation it is extremely important to take each and every potential downfall into consideration, as well as the benefits. With proper due diligence, determination, and frankly, a strong support system you can make a living doing something you love.

by: Sal Trump
Self-employed Liability Insurance - What Is It And Who Can Benefit From It? Self Employed Liability Insurance - Why It Matters To You Self Employed Liability Insurance - Important Facts And Tips For Consideration Self Employed Liability Insurance - A Quick Guide To Liability Insurance How To Find Self Employed Liability Insurance Self-employed Liability Insurance - Why It's Important Self Employed Liability Insurance - Why It Is So Important Can I Change My Business Insurance or Professional Liability Insurance Limits as my Needs Change? Professional Liability Insurance Overview - Pt2 Public Liability Insurance for Tradies Risk Sharing through Insurance Liability Contractors Liability Insurance California Compensate Building Collapse Contractors Liability Insurance California An Introduction
Write post print
www.insurances.net guest:  register | login | search IP(18.234.139.149) Parana / Curitiba Processed in 0.012403 second(s), 6 queries , Gzip enabled debug code: 8 , 2704, 961,
Self Employed Liability Insurance - The Forgotten Necessity Curitiba