In simple financial terms, insurance is a means of protection from any uncertain or contingent loss. So when we use the word “business insurance,” it is a means to protect businesses against the damages that are suffered during their operational activities.
In today’s times of start-ups and venture-financing, where youngsters are drawn more towards unconventional roles, it becomes highly essential to get your business insured. General Liability and Property Insurance are the most common forms of insurance for such companies.
source:smallbusiness.co.uk
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Where to Find Appropriate Insurance Policies?
It may be challenging to find the right insurance policies for small businesses and startups. Today, when we strive for one-stop solutions for everything, then why not try https://www.bizinsure.com/, which is one of the leading insurance comparison websites in the market. They give you multiple quotes from various A-rated Insurers and that to instantly, without any paperwork!
People at Bizinsure know how busy you are. Hence, their knowledgeable and licensed agents are always available at your service, ever-ready to help you find the right product, tailor-made for you.
So whether you are an engineer, an architect, an influencer, a writer or you run a dance studio, you should probably stop and think about getting your business insurance. Here is the list of few Industries that you probably thought does not require insurance:
A Consultant
source:lawdonut.co.uk
A consultant, a trainer, or a coach working as a sole proprietor carries a high responsibility of both managerial and financial aspects of a business. Being a sole proprietor has its benefits of being flexible and independent in various aspects. But it is equally essential to get the business insured so that in case of any adversity you are protected.
Home Health Providers and Related Businesses
If you are someone who is working as a professional Home Health Aide, whether independently or as a contractor, you should consider getting your business insured by taking Home Health Care Insurance.
source:forbes.com
There are two kinds of insurance protection for individuals who are into Home Health Aide, namely General Liability Insurance and Professional Liability Insurance. These two coverages can help you protect your business from various types of claims.
Personal Trainers/ Pilates Instructors & Pilates Studios/ Yoga Teachers & Studios
If you are someone who is a personal trainer, an athletic trainer, a dietician or a nutritionist, a yoga or Pilates instructor, you are responsible for your client’s fitness. However, these health and fitness services also have a high risk of something going wrong with the program or activities in the course of reaching fitness goals.
Hence, it becomes essential to have professional liability insurance to safeguard your business in case of any unwanted accidental happening.
Nowadays, certain fitness clubs have strict policies about allowing only those independent contractors who hold professional liability insurance. A Professional Liability Insurance will help protect you and your business from unwanted events like:
Claim in case of a personal injury to a client
Claim in case of dissatisfactory results to a client
Claim in case of abuse or molestation charges
If you are someone who owns their Studio, then consider getting a customized Insurance that consists of various plans like coverage for your equipment, a General Liability, and Professional Liability Insurance.
Estheticians
The job of an Esthetician is to make sure that your clients’ skin is very healthy and clear. While that is very satisfying, it also is a big responsibility. There are chances that the treatment might not work the way it should and hence if a lawsuit is filed against you in case of claims of skin damage, scarring, allergic reactions or such, you should be having a Professional Liability Insurance to help safeguard your business and professional reputation.
Real Estate Agents
source:forbes.com
Real Estate Agent, Real Estate Brokers, and Realtors are in huge demand currently. Since this profession also involves dealing legally, it is advisable to get your business insured. E&O and Professional Liability Insurance would work very well in case a client files any legal lawsuit against you.
Notary Public
Since a career in Notary Public involves providing professional services like making educated recommendations, giving advice, designing solutions and such, it is advisable to get Professional Liability Insurance. This is to safeguard your profitability, professional reputation, and business assets from any adversity.
Hence, whatever business you are into, it is only after you have procured the right insurance from the right company and at the right price, that you would relax and focus entirely on the business.
