From the course: Finance Foundations for Solopreneurs
Join today to access over 22,600 courses taught by industry experts or purchase this course individually.
What about personal insurance?
From the course: Finance Foundations for Solopreneurs
What about personal insurance?
- Personal insurance is an important topic because there's a lot of blending of risk and finances for the solopreneur. To make sure you have a comprehensive risks strategy, you need to know the four types of personal insurance you've got to have. First is homeowners or renters insurance. Many solopreneurs work out of their homes. In fact, I'm one of them. The standard homeowners and renters insurance policies have no interest in covering your business insurance needs. While some insurance carriers will offer small benefits for business property, it's generally not enough. And if you're incorporated, which you should be, that entity actually owns the property so it requires a business policy to cover it. Also, if you ever have any business clients or associates walking into your home, you're risk of liability is increased. Your homeowners policy might not cover it. Make sure you speak to your insurance agent and be very clear about what you're doing with your business in your home…
Download courses and learn on the go
Watch courses on your mobile device without an internet connection. Download courses using your iOS or Android LinkedIn Learning app.