Why separate insurance?  |   How-and how much?  |   Coverage of business property
Civil liability  |   Additional guarantees and riders  |   Taking work on the road

Self Employed Workers - Why separate insurance?

Being self-employed means accepting a certain level of risk and doing what it takes to succeed. Self-employment insurance is a good way to reduce the risk and give yourself the security and peace of mind you need to help keep your business running smoothly!

• If you work for yourself out of your home, here are two good reasons to take out separate self-employment insurance. The first is that there's a huge difference between home & property insurance and a policy specifically tailored to the needs of the self-employed. The second is that proper coverage for your small business can be essential to the success of your enterprise!
• Your home & property insurance policy only covers assets of a personal nature. For your business computer, furniture, books, tools, and other business materials, a home policy has a coverage limit of $2,000-a whole lot less than what they all cost!
• If your business property is damaged or stolen off the insured premises-in your car for example-your home & property policy doesn't cover you.
• Most people first start their businesses with very little computer equipment and software, but quickly accumulate tools essential to their business success. It isn't long before the typical $2,000 limit in a home insurance policy is exceeded. It's something to think about!
• Imagine that you have a fire at home and have to move your office temporarily. Your home & property insurance policy only reimburses additional living expenses for your family. Your business is not covered, so any unexpected additional expenses will come out of your own pocket.