If you work as a contractor or have a contracting business, insurance is going to be your best ally for defending against the financial costs of accidents and mistakes. General liability insurance, in particular, can be a solid form of protection that keeps you safeguarded against several things:
Property Damage
You may be experienced at fixing up properties, whether it is commercial or residential, but there will still eventually be mistakes.
When you have auto insurance, one of the elements of your coverage that you have control over is the amount of your deductible. Your deductible is what you have to pay before your insurance company will step in and cover the rest of the damage to your vehicle. Deductibles apply to both your comprehensive and collision coverage.
You can go with a lower deductible, or you can opt for a higher deductible. Generally, if you go with a lower deductible, the cost of your premium will increase, and if you go with a higher deductible, the cost of your premium will decrease.
If you're going to turn 65 soon, you know that you're going to be eligible for Medicare. However, this isn't a seamless process in which you magically receive a membership card on your birthday. You do have to apply for most of Medicare, and there's more than one part that you need to ensure you have. As your enrollment period approaches, keep these things in mind to make the process as smooth as possible.
If you have a family that you want to make sure are covered if you should die unexpectedly or if you just want to make sure that your death will not have a negative financial impact on your loved ones due to funeral costs, you are likely looking at life insurance plans. However, life insurance plans are one of those investments that you hope never pays off, in the case of trying to protect your loved ones due to the fact that you are the main financial provider.
If you drive a truck (that you don't own) for an established, reputable trucking company, then you're most likely completely covered under their insurance plan. But if you're an owner operator who is just beginning your career, then chances are that you're on your own as far as certain aspects of insurance go. This isn't a bad thing, but it does mean that you might be unaware of the reasons why trucking insurance is so essential.
