Cover Letter and Resume Writing Service Insurance

A Guide to Cover Letter and Resume Writing Service Insurance

How to protect your livelihood with business insurance

Woman writing resume. Find cover letter and resume writing service insurance

Cover letter and resume writing services help job seekers write and perfect their resumes, cover letters, and other documents in order to attract attention and best depict their work histories and skills to potential employers.

Some cover letter and resume writing services are large multi-employee businesses, while others are freelancers who operate out of home offices.

If you own such a service, you likely need business insurance to protect any property and liability risks that you have. An independent insurance agent can help you find the cover letter and resume writing service insurance that you need to help you cover your losses and stay afloat when things go wrong.

Why Do You Need Cover Letter and Resume Writing Service Insurance?

What kinds of risks can threaten a cover letter and resume writing service? Consider the following issues.

  • Slips and falls at your office
  • A weather event, fire, smoke, theft, or vandalism destroys your business property (buildings and their contents)
  • Employee injuries at work
  • Lawsuits from clients, vendors, or the general public
  • Professional negligence
  • Damage to a client’s property

Cover letter and resume writing service insurance can help you cover the financial losses associated with these kinds of events.

business

Save on Business Insurance

Our independent agents shop around to find you the best coverage.

What Does Cover Letter and Resume Writing Service Insurance Cover?

If you operate a small- to medium-sized firm with owned or leased office space and several employees, you will likely need the following types of business insurance policies, at a minimum.

  • Commercial general liability (CGL) insurance: Protects your cover letter and resume writing service if you cause an injury or property damage to a third party. If a client falls and is injured at your office, your CGL insurance would cover direct costs related to the claim (e.g., medical bills), as well as lawsuit-related costs if you are sued. It pays for attorney fees, court costs, and any court-ordered settlements or judgments. CGL insurance also pays for claims related to advertising liability, slander, libel, and copyright infringement.
  • Commercial property insurance: Reimburses you for property damage to building(s) and their contents if damaged by fire, wind, smoke, theft, or vandalism, and certain other causes of loss.
  • Business interruption insurance: Can help you stay afloat if your office space is damaged by fire or some other covered peril and you must close or relocate while repairs are made. It pays for ongoing expenses (salaries, rent, etc.) and lost income that follow the loss.

An independent insurance agent can help you customize your coverage for your unique needs.

What Is a Business Owners Policy?

You might be able to purchase a business owners policy, or BOP. A BOP is a packaged policy designed for small- to medium-sized businesses. It bundles property, liability, and business interruption coverage into one convenient, affordable policy.

Only certain businesses qualify for a BOP. Your independent insurance agent can help you determine your eligibility.

Professional Liability Insurance for Cover Letter and Resume Writing Services

Your clients rely on you for your skills and expertise. They pay you to write and edit documents that are intended to help them find a job. If you make a mistake that leads to a lost opportunity for a client, you can be sued.

Even if a negligence claim against you is unfounded, you will still have to defend yourself if you are sued. Professional liability insurance protects you if your advice or services cause financial harm to a client.

If you don’t have professional liability coverage, your personal assets could be at risk. A professional liability policy will pay for your legal defense, including attorney fees, court costs, and any settlements or judgments that you must pay.

An independent insurance agent can help you determine if you need this type of coverage.

business

Save on Business Insurance

Our independent agents shop around to find you the best coverage.

Insurance for Independent Cover Letter and Resume Writing Services

If you’re an independent or freelance business owner and you work out of your home full-time or even just some of the time, you may be uninsured or underinsured if you think you have coverage under your homeowners insurance policy.

A typical homeowners insurance policy limits coverage for office equipment to around $2,500—not nearly enough to replace a computer, printer, phones, desk, fax, scanner, or other equipment or supplies you need for your business. And your homeowners policy will not cover business liability, loss or damage of business records, and damage caused by business interruption.

If you have a home office, you have several options in order to make sure you have appropriate coverage.

  • Endorsement to your homeowners insurance policy: Independent cover letter and resume writing services can add an endorsement to a homeowners insurance policy that provides more coverage for the home-based business or home office. This option is viable for one-person businesses without a lot of valuable equipment or business-related visitors. The endorsement will typically add about $2,500 in business equipment coverage as well as some additional liability protection at an affordable price.
  • In-home business/home office insurance: Some insurance companies offer a specialty policy for in-home businesses or home offices. The in-home business policy includes certain features of business insurance policies designed for larger firms, but sometimes with much lower policy limits. A typical in-home business policy will provide $10,000 of business property coverage and a liability coverage limit typically between $300,000 and $1 million. It may also provide limited coverage for loss of valuable documents, accounts receivable, offsite business property, and use of equipment.

Be sure to discuss with your insurance agent your options for home-based business insurance coverage.

What Other Insurance Policies Do You Need?

You might need a variety of additional business insurance policies or endorsements for your business, depending on the size of your business and the number of employees you have. Talk to your independent insurance agent about your need for these policies.

An agent in your city can help you with these and any other cover letter and resume writing service insurance policies that you need.

How Much Does Cover Letter and Resume Writing Service Insurance Cost?

In general, your insurance costs will vary depending on the size of your business, the number of employees you have, the amount and value of commercial property, the location of your business, and a number of other variables.

business

Save on Business Insurance

Our independent agents shop around to find you the best coverage.

Benefits of an Independent Agent

An independent insurance agent who has experience working with cover letter and resume writing services and other similar businesses can help you decide the types and amounts of coverage that you need for your business. The choices you make will determine your cost of coverage.

Independent agents can work with numerous, reputable insurance companies who specialize in your type of business. Together you can review a variety of proposals and choose the best mix of coverage that meets your needs and budget.

What’s more, your agent will be there for you when claim time comes. They know the ins and outs of the process and will make sure your claim is handled appropriately.

Find and Compare Quotes for Cover Letter and Resume Writing Service Insurance

Instead of getting an online quote, find an independent insurance agent now, and get one-on-one consultation and affordable options for the best coverage for your unique needs.

Your agent will work with you free of charge to get quotes from multiple insurance companies so you can make the best choice.

Share this page on Twitter Share this page on Facebook Share this page on LinkedIn

TrustedChoice.com Article | Reviewed by Paul Martin

©2021, Consumer Agent Portal, LLC. All rights reserved.