Gig work is a great way to earn some extra money on the side, and there are many gig opportunities available to Norman, OK, residents. However, gig workers should keep in mind that commercial activity, even if it’s just a few hours a week, can expose one to risks that could lead to legal issues. Investing in the right forms of insurance for your work can protect you from financial ruin and legal hassles in the event of an unfortunate incident.
What Types of Commercial Insurance do Gig Workers Need?
The insurance you need depends on the type of work you do. For example, if you use your car for rideshare driving or to make deliveries, you’ll need commercial car insurance or a rider on your personal auto insurance policy that allows you to do a certain amount of commercial work. If you offer a service, such as tutoring, accounting, financial advising, etc., you’ll want to invest in professional liability insurance (aka errors and omissions insurance) to protect yourself from negligence-related claims.
Anyone who sells products online or at local markets should consider product liability insurance that covers claims related to medical or property damage caused by defective products. Gig workers who have clients come to their home should consider liability and property damage policies or policy riders that will cover accidents or mishaps involving these clients.
Need More Advice? Steiner Insurance Group is Here to Help
Our team at Steiner Insurance Group is always happy to help Norman, OK, gig workers review policy options and pick the right standalone policy, policy rider, or policy bundle. Call us for personalized advice or to start the process of buying coverage.
