Virtual assistants are exposed to real-world liability while performing virtual tasks. Business insurance for administrative assistants protects your home business from lawsuits and other costly risks.
These policies provide coverage for the most common virtual assistant risks.
A BOP is an affordable way for virtual assistants to buy general liability insurance and commercial property insurance together. Small, low-risk businesses are usually eligible.
This policy covers common third-party risks, such as a delivery person tripping on an uneven step at your home. Bundle it with commercial property insurance in a business owner's policy for savings.
This policy can cover work mistakes and oversights, such as a personal assistant forgetting to file timely paperwork. It's also called errors and omissions insurance (E&O).
Most states require workers' comp for virtual assistants who hire employees. It also protects sole proprietors from work injury costs that health insurance might deny.
Commercial auto insurance covers financial losses when a virtual assistant's vehicle is involved in an accident. It's required for vehicles registered to a business.
Cyber liability insurance helps virtual assistants recover from data breaches and cyberattacks. It's strongly recommended for any business that handles credit card numbers or other sensitive information.
Virtual office and executive assistants are vital to the success of many companies. It may seem a low-risk enterprise, but even virtual work has its risks. From an injury at your home office to a lawsuit over a missed deadline, business insurance for administrative assistants protects against common risks that could severely impact your home business.