Commercial Insurance for a Self-Employed Business
Learn what types of insurance you should have if you’re self-employed.
Just because you are self-employed doesn’t mean that you don’t need insurance coverage. In fact, because the success of your business rests on your shoulders, those who are self-employed need insurance more than the average employee. Here are some of the types of insurance you should have if you’re self-employed.
1) Liability Insurance
Unlike bigger corporations, small businesses are more susceptible to liability issues. If you are self-employed than it’s vital that you have the coverage offered by liability insurance. Not only will a liability policy cover any injuries or damages you might be liable for, but it will also cover any lawsuits filed against you for negligence or personal injury.
2) Business Insurance
Business insurance is a general term that encompasses many different types of coverage. However, you should look through the different types and make sure you have the right policies to protect your business. For instance, if you are running your business out of your home, then you should get a policy for home-based businesses. Or for more comprehensive coverage, you sound consider getting a business owners policy (BOP) that combines property, liability, and other important types of coverage.
These are some of the types of insurance you should have if you’re self-employed. Do you have more questions regarding your commercial insurance coverage? Then don’t hesitate to contact the experts at Higgins Insurance Agency. Our dedicated team is ready to assist you with all your insurance needs.