The gig industry continues to dominate as more people find ways to turn side hustles into serious income streams. However, some freelancers in Pano, TX, may need commercial insurance to make sure their assets are covered. It turns out, there are a few things that can help you determine whether you need business insurance.
Liability Protection
Freelancers can be anything from writers to accountants. Some people do freelance legal work or do electrical work on the side. Whether you need liability protection depends on your line of work. Those in service industries, such as plumbers and electricians, should invest in liability protection in case a customer’s property is damaged. So should lawyers, accountants, etc.
Auto Insurance
There are several types of commercial insurance policies. People who use their vehicles for business need commercial auto insurance. This includes if you do freelance work as a plumber or electrician and use your personal car to drive to jobs or give estimates. An agent at Paragon Independent Insurance Agency can help you learn more.
Property Coverage
Most freelancers don’t have a brick-and-mortar store. But if you do, you need property insurance in case something happens to your business. You should also consider this policy if you have a home-based business and your home insurance doesn’t provide enough coverage for your business assets, such as tools or electronics.
Being a freelancer can help you enjoy the freedom of being self-employed, or it can be the ultimate side hustle. The types of insurance you need depend on your scope of work. A professional at Paragon Independent Insurance Agency will listen to your situation to help you find the right coverage. Contact us to learn more. We’re currently serving the Plano, TX, area.
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