CSIS Insurance Services, Inc. Blog
As an individual, different forms of insurance continuously save you from spending your life’s worth on new or recurring liabilities. Most contractors under companies may get employee protection from their employers. But the safety banner that insurance offers doesn’t exclude independent contractors.
Which Independent Contractors Need Insurance?
Almost all independent contractors need insurance to protect their customers and themselves. In some areas, you need the policy to get work legally. Some of the contractors that need insurance are:
Five Benefits of Independent Contractors Insurance
Having insurance in any industry or area of your life saves you extra cash and gives you a form of serenity. However, that isn’t the only advantage of having insurance as an independent contractor, so here are five benefits.
More Clients Want to Hire You
With an insurance policy, you give your potential clients a picture of someone that cares about their work. They also want to hire you because your insurance ensures you can pay for liability and accidents.
Other Contractors or Businesses Have More Inclination to Partner with You
As a subcontractor with your insurance, potential partners feel safer hiring you. The safety is because they would not need to go through other processes to procure insurance for you. However, they may be willing to take you under their policy.
It Covers Potential Lawsuits
Whenever you have to go to court, your insurance will cover the legal fees and other additional fees. And if you are at fault, they will pay for damages that may otherwise cost you a fortune.
Less Difficulty Meeting Requirements
In a state that makes insurance mandatory for contractors, you can start working legally since you already have coverage.
An Extra Shield of Financial Security
Every accident or lawsuit can potentially lead to bankruptcy, but with insurance, you can continue working without stress.
Accidents and risks are a part of the job description as a contractor, even if the likelihood of occurrence varies. So, getting contractor insurance will help a great deal.
At CSIS insurance services, 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 (888) 501-2747 or Click Here to request a free quote.
California License Number: 0D80851
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