What do you know about big business and insurance? The truth of the matter is that unless you run a big business, you probably do not give it a lot of thought. But, everyone knows that big businesses need insurance but the same can be true for a sole trader. To learn more about the available options for business insurance for these sole traders, read more here in this article about the insurance which may include accident, illness, product liability and public liability just to name a few!
Key Takeaways:
- Sole traders don’t face all the same risks as corporate giants – but operating as an individual has its own set of risks that can be just as bad for business
- Product and public liability can be two of the most expensive risks that businesses face, and the situation for sole traders is even more perilous
- An option such as a small-business pack may provide the perfect solution to keep you covered against major risks so you can breathe easy
“Because you’re not considered to be an employee, you can’t take out Worker’s Compensation Insurance to protect yourself.”
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