3rd June 2010
If you are a self-employed person who handles
your work on your own, it is important that you invest on an insurance that
meets your individual requirements. It is crucial and vital that you have the
right type of insurance since you got to be protected against any unexpected
and uncalled for incidents and situations. If you are not adequately covered
you may loose a substantial amount of money or even face the risk of closing
Many online insurers will offer you a
policy called Public Liability Insurance for Self-Employed. You can obtain
quick online quotes from a number of insurers to help you compare costs and the
areas of cover. Obtaining a quote from any of these online websites is of no
hassle. You simply got to fill in the online form and you will have the quote
sent to your email account.
The type of insurance will depend on the
concept of your self-employment. Each package will be different to the other.
Thus, you need to give a clear explanation of the exact work you do to the
insurer so that they are able to formulate the right package.
For example, if you are a marketing
consultant – your position requires a maximum amount of trust. Your clients
rely on you for business advice, information, strategies and solutions to help
them develop their business. Since this position calls for offering advice and providing
a service you need the right insurance; Professional Indemnity will have to be
combined with the Public Liability Insurance for Self-Employed.
Similarly, insurance for self-employed
persons will vary according to their profession. Therefore, it is vital that
your job is clearly explained to the insurer to make sure that your business is
well protected. Depending on your work type you may sometimes require several
different types of policies combined together.
Finding the right insurance policy for
self-employed persons can be a difficult and stressful exercise. You might need
to do an extra bit of negotiating in order to get a reasonable quote. Given
below are some policies which are commonly used for persons of this category:
Liability Insurance: This is required if you have
employees working for you.
Van Insurance: If you use a vehicle for the work
you do, then a policy of this type is essential.
Liability Insurance: Provides cover against claims
made against you by third parties – members of the public, clients, customers
Business Buildings and Contents Insurance: This policy will be required if you work from your own home, or
rent/own a site; you will require insurance that covers the building and all
the business related items the building contains.
Indemnity Insurance: This provides you with cover against
damage claims for the advice and service you offer to the general public that
can turn out to be false and cause the involved person damage of reputation.
The above are just a few of the different
types of policies that are needed to be amalgamated together. With the support
of an experienced insurer you will be able to tailor-make a perfect Public
Liability Insurance for Self-Employed policy to suit your type of business.