subject: Self-employed Liability Insurance - What Is It And Who Can Benefit From It? [print this page] 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 certainly necessary to have if an employer does not provide it. Individuals can choose which package they would like to purchase depending on how much coverage they would prefer. It provides the self-employed with a piece of mind and a certain protection over any financial havoc an unexpected lawsuit could potentially wreak on a family. In addition to the charges such a lawsuit could bring on a family, there is added stress, and other expenses such as court fees the individual would be required to pay if he or she did not have liability insurance.
Small business owners, contractors, the self-employed, and others can easily find quotes for self-employment liability insurance online. Similar to an online request for automobile insurance, the consumer fills out an application and answers a few questions in order to determine the few best options suitable to his or her specific needs. Some of the more important questions asked on the questionnaire ask the consumer to input the amount of employees that work for that particular company. Other questions ask the consumer to include the breakdown of those employees by whether or not they work part-time or full-time. Regardless of the type of liability insurance needed or amount of coverage required, almost anyone who is not covered under his or her employer's liability policy should invest in liability insurance in order to protect their financial future.
by: Sal Trump
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