One of the most important things you can do for yourself as a self employed rent a husband is to get yourself handyman insurance. You might be thinking right now that you already have health insurance. Maybe your spouse provides that as a benefit from the place he or she works. In reality, what you should be considering is handyman insurance, otherwise known as liability insurance.
If you’re the type of person that has their own business and gets their own work, you might want to consider getting an independent contractor liability insurance. Just in case something happens and one your customers tries to make a claim against you then being insured will help to pay for any damages and hopefully help you to hold on to your business.
Also you have to consider all of the legal and court costs that are included anytime you have a claim against you or your company. Having independent contractor liability insurance will help pay for any of these additional costs, and also help protect you, and the fact that anyone who is making a claim against you will probably have to come up with some strong evidence that it did happen since you should have.
Individuals who own a business or otherwise are self sustaining can have a difficult time being approved for self employed loans. Lenders often require information about income, which is easily shown, on W2 forms of individuals who are working a regular job. Those who are self sustaining however may have a more challenging time showing that they make enough money to be qualified for the loan.
For example if a person wants to apply for a mortgage, lenders require very detailed income information as well as supporting documentation. Those who work for themselves do not have access to this type of information. Self employed loans or mortgages are attainable however many lenders have tightened their belts after the recent economic downturn. It used to be that people could qualify for stated income loans where all they had to do is write down how much they made. Assuming credit scores and other criteria were met, they were approved. In today’s economy, lenders are looking for solid proof that a person makes as much as they are saying and that they have the ability to continue to make that much. Continue reading
N.A.S.E. News Yahoo News