2165: Do I Really Need Business Insurance? by Laura Gariepy with Women Who Money on Self-Employment Basics

Get the 200+ Page Optimal Living Daily Workbook (PDF) - Free. Want to turn today's episode into an actionable plan? Join the Optimal Living Weekly newsletter and I'll send you our 200-page digital workbook immediately. It's packed with the best takeaways from the show, formatted for easy reading and implementation at home. Get your free PDF workbook here: https://oldpodcast.eo.page/join Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com Episode 2165: Laura Gariepy answers a question most new freelancers and business owners skip past: whether business insurance is actually necessary. She explains why a homeowner's policy and an LLC will not cover business losses, then works through the common coverage types, including general liability, professional liability, product liability, commercial property, and commercial auto, plus what changes once a company has employees. She ends with the SBA's four-step approach to finding the right policy. Read along with the original article(s) here: https://womenwhomoney.com/need-business-insurance/ Quotes to ponder: "Many people mistakenly believe their homeowner's insurance will protect them from business losses." "Getting business insurance will protect your business assets as well." "It's therefore crucial for you to find an insurance professional you trust." Optimal Work Daily is a daily career advice podcast where we narrate the best articles on productivity, entrepreneurship, and work-life balance, read to you by a professional narrator so you can grow your career a little more every day. Learn more about your ad choices. Visit megaphone.fm/adchoices