Leah Kelvin
Active member
As they work far from their offices, remote workers need to think about different insurance aspects that can protect them, their families and assets. Among the main considerations are health coverage for medical expenses, disability coverage to guarantee income in case of inability to work, life insurance as a means of financial security for loved ones, homeowners/renters’ coverage for property protection and cyber risk (cybersecurity/data breach) insurance policy. Depending on whether they are independent contractors or employees, remote workers may have to obtain this independently or through their employer. Remote workers must ensure proper insurance coverages so as not only to mitigate risks but also bring stability in their finances.
Remote workers should consider Errors & Omissions insurance which protects against claims of negligence in performing one’s duty arising out of the work done by a remote worker. For frequent travelers travel insurance is highly recommended. Adequate auto insurance coverage should be obtained by personal vehicle users while on official duty. These factors will help remote workers reduce risks related to assets. Periodic review and updating of your needs with an expert in this field is essential for designing a comprehensive strategy that fits your unique circumstances.
Remote workers should consider Errors & Omissions insurance which protects against claims of negligence in performing one’s duty arising out of the work done by a remote worker. For frequent travelers travel insurance is highly recommended. Adequate auto insurance coverage should be obtained by personal vehicle users while on official duty. These factors will help remote workers reduce risks related to assets. Periodic review and updating of your needs with an expert in this field is essential for designing a comprehensive strategy that fits your unique circumstances.
