

From Noobpreneur, Tara Miller discusses the importance of obtaining liability insurance for independent contractors. She writes:
“Part of doing business as an independent contractor is making sure that you have all of the necessary paperwork to protect your business. This is true whether you are starting a woodworking business, or an accounting firm. One of those pieces of necessary paperwork is the general liability insurance policy.
The General Liability Insurance Policy
The general liability insurance property protects your business financially if a customer or employee is injured as a result of your work or on your business premises.
For example, if a client is injured while visiting you in your workshop, he or she could sue you for damages. General liability insurance can cover the cost of your defense and pay out on the settlement if you are found liable. Without general liability insurance, you would have to pay out of pocket for your defense, and the courts could go after your business assets if you lose the case. To make matters worse, if you are a sole proprietor, the courts will also go after your personal assets.
General liability doesn’t just cover you against injuries, it can also protect you against other business issues like suits for copyright or trademark infringement, and even for data breaches on your office computer, which could leave your customers vulnerable to identity theft.
Without general liability insurance, you could end up in a world of financial hurt if something goes wrong.
Getting General Liability Insurance
Getting general liability insurance is actually fairly easy. In most cases all you need to do is get a general liability insurance quote from a reputable provider. However, if you are a member of a professional organization, such as The American Association of Woodturners or The Victorian Woodworkers Association, you can often find general liability insurance coverage directly through the organization…..”
Read the full story at General Liability Insurance: Protecting Your Business.