No distinction is made between you and your firm as a sole proprietor. Since you own every asset, you also have full responsibility for the business's legal obligations, debts, and losses. This means you're responsible for all your business risks, which can extend to your personal property and assets.
Sole proprietorship insurance is a set of policies created especially for brisk solopreneurs that offers protection from hazards to running an unincorporated business, such as malpractice, third-party injuries, or property damage. This policy is intended to offer liability protection for solo entrepreneurs operating in various businesses.
What Does Sole Proprietorship Cover?
The risks vary depending on the type of business. These risks will differ depending on your service or product and the industry. The following basic insurance policies that most business owners can use are given below:
How Much Does Sole Proprietorship Insurance Cost?
Most insurance companies will take into account a variety of criteria when calculating your risk premium, including:
With sole proprietor insurance, you can ensure that your business is protected in the case of an accident or damage. A strong general liability insurance policy will give you more self-assurance and free up your time to concentrate on your company. Whether you are starting as a sole proprietor or have been for a while, there is still time to consider getting insurance.
At Black And Associates Insurance, Inc., we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (509) 464-0058 or Click Here to request a free quote. Topics and coverage discussed in this article are not guaranteed, consult with your agents to determine what your policy does and does not cover. We are more than happy to help!
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