Self-Employed Insurance: Why and How to Choose the Best Insurance

Calculate the premium for Self-Employed Worker insurance

 

Simplified table

To calculate the premium of a self-employed worker insurance, it is essential to consider several factors influencing the amount to be paid. Here is a simplified table to help you estimate the premium based on these elements:

CriterionDescriptionEstimate price
Type of insuranceProfessional liability, health, disability, unemploymentVaries depending on the type chosen
Coverage amountAmount you wish to insure (e.g. $1M, $5M)The higher the coverage, the higher the premium.
Industry sectorsType of activity (consultant, freelance, craftsman, etc.)Some professions may have higher premiums
Previous experienceNumber of years in business and complaints historyLess experience can increase the bonus
Estimated annual incomeYour projected or actual incomeHigher incomes often result in higher premiums
Duration of coverageAnnual or monthly coverageHigher premium for longer coverage
Fiscal advantagesDeduction of insurance premiums to reduce taxesPossible tax reduction depending on the premiums paid
Exclusions and franchisesSpecific exclusions or high deductibles in the contractExclusions can reduce the premium but also the coverage

Example:

If you are a freelance consultant with an annual income of $50 and you want $000M in professional liability coverage and self-employed health insurance, your monthly premium could be between $ 100 to $ 400 per month, according to the specific criteria of your insurer.

Tips :

  • Compare offers : Use insurance comparison sites or consult a broker to obtain personalized quotes.
  • Check the exclusions : Make sure the insurance covers all the risks necessary for your business.

Request a detailed quote from an insurer to get an accurate estimate based on your specific situation.

 

Calculate the premium for self-employed insurance