A policy like commercial auto insurance for sole proprietors becomes important as they grow. Adding to a general liability insurance policy is a good idea too. Don’t forget to look into a bedrock, business owner’s policy.
It’s always a good idea to have this type of insurance to cover your business. It doesn’t matter whether you are a sole proprietor or a bigger enterprise. An umbrella policy can protect a sole proprietor from defamation and customer lawsuits. The right additions can replace damaged or lost business property, and even adds income replacement.
Sole proprietors should also include errors and omissions insurance as they grow. This can cover you for data breaches, missed deadlines, and incomplete work.