Own Your Own Business? Are You Sure It’s Protected?

Investing in the right insurance policies can help to ensure your business has the coverage you deserve.

The number of people who are self-employed has been steadily increasing over the past few years. From being able to completely cut out your morning commute to creating your own work schedule, there are many benefits of becoming your own boss. To help keep your business safe, keep these self-employed insurance considerations in mind.

Health Insurance

You are required by law to have a health insurance policy in place. Since you will not be getting coverage through your employer, you will need to invest in a policy of your own to ensure you have the right amount of coverage.

Liability Insurance

Incorporating your business as a limited liability corporation, or LLC, can help to keep your personal assets safe. Even though there are tax implications to consider, incorporating your business will ensure you do not go personally bankrupt is you company is sued for liability issues.

Disability Insurance

This is one of the most important insurance options for those who are self-employed.  If you are not able to work after injury or illness, your disability insurance policy will provide you some income to keep you on your feet.

Life Insurance

If you have any dependents, a life insurance policy can help to keep them financially secure when you pass away. Make sure to choose a life insurance policy that will provide the financial cushion your dependents need for their personal needs, as well as coverage to help your business stay afloat.

For all of your business insurance needs as a Texas business owner, contact VGW Walker Insurance. As an independent insurance agency, we will work with you to ensure you have the right amount of protection for your specific needs, all at the right price to fit your budget.