If you’re self-employed, you’ll need to update your business insurance.

Over the past thirty years, the number of self-employed Americans has risen steadily. Majorly due to a difficult job market, ease of finding jobs, and freedom of self-employment are all factors that have raised these numbers up. If you’re one of the millions of self-employed Americans, first of all, congratulations! Secondly, you may need to consider the potential risks that you face with this type of work.
Fortunately, we’ve compiled information that you need to know about being self-employed and maintaining reliable (and protective) insurance!
Work From Home: 
If you run a business from the comfort of your own home, you shouldn’t assume that your personal household insurance will cover you in the event of damage or loss. Many homeowners insurance policies will cover business equipment in your home, but always talk to an insurer to be sure.
Additional Coverages
Here is a range of insurance needs you might have to consider for your business:
Motor insurance – If your business uses vehicles, you must make sure that your policy includes coverage for your business use. This includes any private policies where an employee is driving their own vehicle in connection with your business.
Professional indemnity insurance – If you’re a professional who gives out advice or services to your clients, then you should make sure that you have this coverage. It is designed to cover expenses of a lawsuit, should a client sue you for being negligent or making a mistake, causing your client to suffer financial loss.
Buildings and content insurance – If your premises and the contents are affected by fire, flood, theft, or another peril, this insurance will financially assist you in rebuilding, recovering, and replacing the structure and contents.
Product liability insurance – Should your products that you’ve made and sold injure someone or damage someone’s property, then you may have to cough up compensation. You could be held liable for the damage or injury caused by defects in the products’ design or manufacture, even if you haven’t been negligent. This coverage helps to cover those costs.
For those self-employed, start building your personalized coverage today. Contact Young Insurance to get started on your Burbank, California policies today.