Using various insurance policies is one of the best ways solopreneurs can protect their business and personal finances from potentially devastating risks.
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Starting a business is exciting. But all the things you love about being a solopreneur, such as flexible hours and high earning potential, come with some risk. Dangers like contract disputes, injuries and theft could be enough to wipe out your small business before it has the chance to succeed.
In fact, one in three small-business owners said they had experienced an event that insurance might have covered in the past year, according to an Insureon survey. Fortunately, several insurance products can help business owners protect against these risks.
Here are five insurance policies that will benefit solopreneurs and who should use them.
Related: The Solo Entrepreneur Experience
1. Homeowners insurance
Most homeowners insurance