Self-insurance is the act of insuring a business against any losses or claims. In the United Kingdom, self-insurance is known as ‘operative risk cover’. The policyholder undertakes to pay an amount that will be equivalent to his total loss incurred as well as the expenses and losses connected with the operation of his business. This…

Self-employed small business is an entity where an insured business covers the liability of assets for the whole business. Liability insurance is an important financial protection step adopted by many businesses to make sure that they are able to continue running even if certain losses take place. Such financial loss could come from fire, accidents,…

The best way for small businesses to be prepared for a disaster that might occur is to get an insured business owner insurance policy. There are many different types of coverage for small businesses, including liability, physical damage and general liability. When an insured business meets a mishap that requires coverage, they should first assess…

It is a requirement by law that any person owning or operating a business must maintain insurance coverage for their business. The requirements of this coverage can be very different for businesses that are located in different areas or that offer different products and services than the main business. There are certain guidelines that businesses…

Whether you are working from home or running a full-fledged physical store, it is important to have the right insurance coverage for your business. Having the right type of insurance coverage can help to protect your business and personal assets from being wiped out due to unexpected losses. One of the most common types of…

The typical business owner is only aware of the bare minimums of their business insurance policies. They know that they must have liability coverage and physical assets, such as vehicles and supplies, in order to be protected against acts of nature or vandalism. However, what many people do not realize is that there are a…

An insured business is not subject to Washington State insurance laws like other businesses. This means that if you experience a problem, can take care of it on your own. If you contact the insurer, you can recover a claim if you directly communicate with the insured business, or if you may have to consult…

Self-employed individuals are typically not subject to Washington’s insurance regulations. This means that if you have a problem, can take it to court, and are then able to prove that it was caused by an injury to your business, you can settle the claim. If you directly communicate with your self-employed company, or if you…

For small businesses, self-employed people and renters, an insured business plan can be the difference between success and failure. If you were faced with a lawsuit because you injured someone in your home or on your property, would you be able to afford the defense? Or, what about if a family member fell and broke…

Self-employed liability insurance basically means that an individual, rather than an employer, insures his or her own business against possible loss. The self-employed insurer provides the insurance, which acts somewhat like a temporary cover for the employee and the employer. As with any other form of commercial insurance, self-employed liability insurance has to be obtained…