Protecting Yourself From Liability if You’re Self-Employed

independent contractors liability insurance

Working as an independent contractor has many perks, but freedom from liability is not one of them. Even if you are self-employed, you could still face liability that could drain your personal assets. One way to protect yourself from legal issues and out-of-pocket expenses as a sole proprietor are by purchasing independent contractors liability insurance.

What Is Independent Contractors Liability Insurance?

This type of insurance serves to protect both you and your self-employed business from certain liabilities. If, for example, you work as a mover and accidentally drop an expensive antique, your liability insurance would pay for the damages instead of you paying out of pocket.

Purchasing this liability insurance can yield the following benefits:

  • Prevents you from covering costs yourself
  • Protects you from bankruptcy
  • Helps you comply with industry requirements
  • Gives your customers peace of mind

Independent contractors liability insurance is an excellent investment if you are a carpenter, cleaner, plumber, electrician, salon professional or animal trainer. It could also come in handy as a freelancer in the web design or content writing industry, in case you make a mistake that costs your clients big.

You can rest easy as an independent contractor if you know you have liability insurance to cover expenses if the worst happens. Don’t wait – purchase this type of coverage before it’s too late.