How to Insure and Protect Your Freelancing Business

Operating your own freelancing business can be a very challenging, yet rewarding career choice. There are numerous things that need to be considered while getting your freelancing business up and running. As with any business, one of the main things to consider is insurance. Insuring your freelancing business will protect you, your business, and your assets from any legal issues that may arise. You should also think about health insurance if you are self-employed. It is very important to have, especially if a serious medical situation happens to come about. Before making any insurance decisions, you should become familiar with the many different small business insurance options that are available. This will help you determine what types of insurance will properly protect you and your freelancing business.

Liability Insurance

One of the most important types of insurance for any business is professional liability insurance. It protects you should any insurance claims be brought against you or your business. In the world of freelancing, professional liability insurance can be the most important type of insurance to have. It will cover you and your business should there ever be an issue of errors, omissions, negligence, or malpractice.

Although you may think liability insurance may not be necessary if you are running a freelancing business, think again. There is always the possibility that a client will be dissatisfied with the work you have done for them. You do not want to risk your business or personal assets should that client bring a suit against you, for whatever reason. You should take the time to talk to a licensed insurance agent before making any liability insurance decisions. They will be able to tell you exactly which type of insurance is right for you and your situation, along with the amount of insurance your freelancing business needs.

Umbrella Insurance

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How You Too Can Get Started on eBay in a Very Short Time, with Minimal Investment

If you are thinking of creating an eBay store that sells merchandise, there are various things you should consider before doing so. The type of merchandise you will be selling is obviously one of the most important things to determine. You don’t want to sell merchandise that is also being sold by a thousand other people on eBay.  If you happen to end up selling things that other people offer, you definitely need to make your store, photos, and descriptions unique to make your listing pop out.

Besides that, the next most important thing to consider before starting your store is whether or not you will be holding stock of your items, and whether you will be shipping your items to customers. Some people would rather keep stock and ship their products, but some people prefer not to. People that do not want to stock and ship their items should consider dropshipping. Wikipedia defines dropshipping as

Drop shipping is a supply chain management technique in which the retailer does not keep goods in stock, but instead transfers customer orders and shipment details to either the manufacturer or a wholesaler, who then ships the goods directly to the customer. As in all retail businesses, the retailers make their profit on the difference between the wholesale and retail price.

Dropshipping can be a very good way to get your eBay business up and running in a very short time, without spending a ton of money. But, there are some downfalls to it as well. Before you think about dropshipping on Bay, there are many pros and cons that should be taken into consideration.


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