Sole Proprietor Insurance

If you’re a sole proprietor, we’re guessing you’re probably quite fearless when it comes to taking risks. That’s what business is all about. But we also know that mitigating these risks is essential. You wouldn’t run into a football game without a helmet, so don’t start a business without insurance. 

Not all risks can be waived. And that’s where insurance comes in. Sole Proprietor Insurance can provide cover for the inevitable everyday business issues that crop up. Facing a small flood on your property, an accident caused by your driver, or theft on the premises, insurance can help eliminate the headache and amount of money lost in each of these situations. 

Our recommendation is not to skimp on the types of insurance you take out. Ensure your coverage is vast and protects your business, yourself, your employees, and your assets. Don’t land up in hot water after an incident that’s out of your control. Rely on your insurance to pull you through these times of stress. A lack of insurance can lead to the diminishing value of your company, employees leaving, and limit retirement income.

Insurance 4 Small Business (i4SB) has got you covered as a sole proprietor. We are the one-stop insurance shop for your business. That’s right; even a sole proprietor can have access to the coverage and benefits of a larger company with the help of i4SB!

The Insurance Plans We Cover

Don’t be overwhelmed by the various insurance options and packages on offer. That’s where we come in. Our expert and knowledgeable team will ensure all the insurance needs of your business are taken care of. Your company may require various types of insurance and the involvement of more than one insurance company or agent. And although this may sound like a lot, i4SB has made what could be a confusing and expensive process simple.

Plan for Retirement:

Did you know that i4SB can offer you an array of different products that will allow you to save for your retirement? Remember, by planning for your retirement, you will maintain your standard of living through your retirement years. It’s the only way to live financially independently through your sunset years.  

Of course, there is also one step further than retirement; it’s vital to consider a life insurance policy. This will protect you against death, ensuring a certain amount of money goes to your beneficiary upon your death. Having a life insurance policy will give you peace of mind that those you love are well looked after. 

Plan for the Unexpected:

Did you know that careful insurance planning will allow your business to continue should something happen to you and ensure your loved ones are cared for in your absence.

We often recommend policies such as a Business Owner’s Policy which packages insurance that will serve you well as a business owner in one neat policy. Think business interruption insurance, property insurance, vehicle coverage, liability insurance, and more. 

Other items to consider insuring would include your home if you are running your business from your home. This will cover you for damage to your home and items, as well as accidents occurring on the premises. 

Plan to be healthy:

Being a sole proprietor can make things tricky for health insurance plans, as many don’t apply to sole proprietors without any employees. Usually, one would have to have at least one common-law employee, excluding the owner and spouse. 

But don’t fear; we have many options for health care policies for sole proprietors. A great example is Hooray for Health Care.

Here’s How Sole Proprietor Insurance Works With i4SB

We don’t expect you to be an expert on your business and insurance. That’s where we come in. We know insurance. Our insurance experts will determine what kind of insurance you should have for your business, the amount you need, and make other recommendations that will benefit you. Here’s our simple process:

Step 1:

To come up with the perfect policy for you, we ask you to answer a simple online questionnaire. This will help us discover all the insurance needs of your business. 

Step 2:

We take the answers from your questionnaire responses and determine what a business’s insurance needs will be. We consider factors such as:

  • the state the company operates in 
  • the type of business
  • coverage amounts
  • reasonable pricing, etc. 

Step 3:

Based on your specific needs, we will suggest how much coverage you should have, and we will contact the insurance expert best suited to the specific type of business with our client’s information. After the initial introduction, the assigned insurance expert will work with you to ensure all of your insurance needs are met. 

Step 4:

Once you purchase insurance from us, our client support continues as long as you carry the policies. 

We think of ourselves as “matchmakers” for businesses and insurance. No more guessing, no more calling random agencies, no more hoping you have the right coverages and policies in place. 

How We Can Help You

i4SB has taken care of all of this for you. After all, running a business is hard enough – let us focus on the insurance piece so you can focus on your business.

Simply push the Get Started Now button below and tell us about yourself and your business. It costs you nothing to fill out the survey, and you are under no obligation to buy a product from any of the insurance companies we match you with.

We’d love to hear from you; contact us via our contact form online or with customer service at 1-505-880-2143.

Insurance For Your Business

Did you know that “wrongful acts” on the part of a business are one of the top reasons why small businesses are sued? A “wrongful act” can be anything from water inadvertently left on your company’s sales floor to a car accident one of your fleet vehicles was involved in. While owning a business can be scary, having the right insurance in place to protect yourself against any of life’s “wrongful acts” doesn’t have to be.

Find out more about insuring your business here.