3 reasons why your contractors and freelancers need their own liability insurance
If you own a small business and hire contractors and freelancers, you don’t have to insure them yourself. But here are 3 reasons you’ll want to make sure they have their own insurance before they start working for you.
#1 So they pay for their own mistakes. If your contractors are insured, they’ll be able to pay their own lawyers’ fees and damages if they’re sued regarding their work.
#2 So you don’t have to pay on their behalf. If there is a claim or suit against your contractor and they don’t have insurance, the other party will come after your insurance instead.
#3 Because it’s the law. Some areas and industries require by law that everyone is covered by insurance (for example, in construction).
Ask your independent contractor to show proof of insurance before their first day on the job. That way, you won’t have to cover them for their own act of negligence.
If you hire contractors for your business, we’ve got your future covered.
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