ECONOMICS
SIMPLE
Assurance des travailleurs autonomes du Québec
Thinking about your insurance needs is crucial for the self-employed to protect themselves against life's various risks.
Self-employment and home-based professionals are situations in which the individual works on his or her own account, instead of working for an employer in return for a salary or remuneration. This situation enables the person concerned to generate income directly from customers and organizations, rather than being an employee of a company.
Request an online quote for self-employed insurance with your home
Disability insurance for the self-employed
If you're self-employed, you'll need to think about what happens if you can't work because of illness or injury. Since you're working for yourself, you won't receive any sick pay, although you may be eligible for state benefits.
Income protection is a long-term insurance policy that has been in force for many years, designed to support you in the event of business interruption due to illness or injury. The aim is to guarantee you an income, or at least a portion of your income after tax.
A serious illness usually requires a long convalescence period, and leads to a loss of income and an increase in expenses.
Critical illness insurance for the self-employed
Critical illness insurance provides protection for self-employed workers against accidents or illnesses that result in short-, medium- or long-term incapacity to work. The payment of a tax-free lump sum upon diagnosis of an illness covered by your insurance ensures that you can meet your commitments. financial and cover illness-related costs such as medication, special medical treatments, home adaptations, etc. This way, you can focus your energy where you need it most, your recovery and not your financial worries. Critical illness insurance can be purchased as a complement to your other insurance policies, or even added to your existing life insurance or disability insurance.
Certain medical treatments are not reimbursed by the state plan, such as dental care and dental surgery. professional services chiropractic or massage therapy. This type of insurance gives policyholders greater flexibility than traditional insurance. This flexibility means they can choose the level of coverage that best suits their own needs in relation to the risks to which they are exposed.
As a self-employed worker or contractorAs a self-employed manager, you may find it difficult to keep up with your bill payments. For a self-employed manager, falling ill can lead to serious financial difficulties. Overhead expenses insurance ensures the long-term survival of your business. company. This contract covers fixed costs in the event of work stoppage, such as telephone, rent, water and electricity, maintenance and repairs, and employee wages. This can be spread over 12 to 24 months, depending on the contributions paid.
Best insurance for the self-employed
To protect against other risks, such as fire or water damage, another type of insurance has been designed by insurers. Damage and loss waiver insurance protects the insured against claims. This coverage is available from your insurance broker This is in contrast to personal insurance, where the lump-sum payment is determined at the time the policy is taken out. For a company, a fire, for example, can have catastrophic consequences for the survival of its business, hence the importance of consulting a professional insurer or broker to ensure coverage and receive indemnities that cover this risk, depending on the degree of damage. This is a contract based on the principle of full compensation, so that the insured benefits from all the damage suffered.
Domino: self-employed insurance from RSA
A another type of insurance, known as home insurancecovers the risk of loss or misuse of the assets you need to run your business. This service is provided by insurance companies in Canada, with each offering its own unique coverage. It should be noted, however, that this insurance requires certain steps, as it is not included in the case of standard insurance. Comparing these different offers is not easy for self-employed people with no expertise in this field. That's why the broker's role is crucial in choosing between the various possibilities.
The last type of insurance that is crucial for a self-employed worker is business liability, which is also available. It covers liabilities incurred in the course of the worker's declared activities. This insurance covers, for example, damage related to food poisoning, fairs and exhibitions, and property damage. real estate belonging to third parties.
How much does self-employed insurance cost?
The cost of self-employed insurance can vary considerably depending on a number of factors, such as the size of the business, the type of activity and the level of risk involved, the value of the assets to be insured and the amount of liability coverage desired. In general, liability insurance for the self-employed is less expensive than liability insurance for the insured. business insurance it can cost anywhere from a few tens to a few hundred dollars a year. Similarly, business property insurance can vary in cost, depending on the value of the assets to be insured and the type of coverage required.
Compare rates!
Self-employed people are advised to request home insurance quotes from several providers to compare costs and coverages, so as to find insurance that suits their needs and budget.
Our insurance brokers are waiting for your call or online request. Contact Assur360 now.
