One of the biggest myths pertaining to commercial insurance is that these products are only for large business owners. Many small business owners, including those with a side hustle, can benefit from one or more commercial insurance products. Here at Jason Ridley Agency, providing commercial insurance in the greater Colleyville, TX area, we work hard to match business owners with the right commercial insurance products.
Here are some of the products that may benefit you if you have a side hustle:
Commercial Auto Insurance
If you drive your automobile as part of your side hustle, including driving your car for Uber, Lyft, Door Dash, Grub Hub, Instacart, or another similar service, your personal auto insurance does not cover you when you are earning income while driving. You need a commercial auto insurance policy to protect you and your vehicle.
Professional Liability Insurance
Professional liability insurance, also referred to as errors and omission insurance, helps to protect you in case your business is sued by a customer or client. For example, if you make cakes and a customer claims your cake made them sick, they can file a lawsuit against your business, and potentially against you personally. Professional liability insurance helps to cover the costs associated with defending the lawsuit, so one lawsuit does not put an end to your business.
Business Interruption Insurance
Natural disasters or health pandemics may cause your business to come to a screeching halt. Business interruption insurance helps to provide you with an income and cover the expenses associated with your business, such as rent, if your business is forced to stop operating temporarily due to one of these unexpected events.
Give Us A Call
Commercial insurance products are not only for large businesses. Many freelancers, self-proprietors, and small business owners can also benefit from commercial insurance products. If you are looking to obtain commercial insurance in the greater Colleyville, TX area, let Jason Ridley Agency help you. Reach out to us today to learn more.