Independent Contractor

Over 10 million workers (about 7.4 percent of the U.S. workforce) classify as independent contractors, according to the Bureau of Labor Statistics. This group accounts for approximately one in every eight dollars earned in the U.S.

Cover All the Risks ofBeing Your Own Boss

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While being your own boss yields several advantages, it also carries with it serious legal risk. With today’s overactive legal environment, lawsuits against independent contractors are increasingly common — especially considering that employers of independent contractors are generally NOT held vicariously liable for the acts or omissions of the contractor. The fact is attorneys are better than ever at finding insurance policy exclusions. Can you afford to have your personal assets exposed to satisfaction of a legal judgment?

Many independent contractors, whether providing professional business services or specialized construction trades, wisely protect themselves with general liability insurance. But, what happens when a legal judgment exceeds the limits of these policies? Also, many common, frivolous claims may qualify as exclusions in your traditional business insurance policies — claims of sexual harassment and molestation, for example.

XINSURANCE policies are structured to cover the gaps and exclusions that exist in current policies, and to protect you in the event your existing business insurance is insufficient. And because XINSURANCE acts as supplemental insurance coverage, the premiums are low and affordable…but your peace of mind will never be greater.

Click here to speak with an XINSURANCE representative.