The modern workplace in Wheat Ridge, CO is different from the one our parents grew up in. With the proliferation of smartphones, we now have the "gig economy." Freelancers have always existed in some form or other, but now it seems like everyone pulls in a little freelance work on the side here and there. An occasional delivery, an Airbnb, or some odd jobs here and there on the internet.

The question of when these side jobs become a business is different depending on who you ask. For many side-hustlers, the cut-off is when you quit your day job. For the IRS, if you make $600 a year, you need to file self-employment taxes. And for an insurance company like CO Insurance Specialist, it comes down to what you want to protect.

Can You Cover It?

The big question when deciding whether it’s time to invest in commercial insurance: Can you cover it if something goes wrong?

Maybe your business is just a home office and a laptop, but it’s not just your business property you need to worry about, it’s employees, clients, products, and most importantly, liability. You might be able to cover everything else, but can you handle an expensive lawsuit?

If your Wheat Ridge, CO side-hustle is now facing liability concerns, if you’re sending products out into the world and you want to be able to cover the damages should something go wrong, then it’s time to give CO Insurance Specialist and see what they can do for you. Maybe you can replace your laptop or phone out of pocket, but once commercial liability comes into play, there’s no business too small to get covered by commercial insurance.