When it comes to commercial insurance, there are a lot of grey areas. For example, do you need commercial insurance to sell multiple-level-marketing products? Our team of insurance experts at The Mitchell Agency LLC is here to navigate all your commercial insurance questions.
Need commercial insurance for multiple-level-marketing products?
In short, the answer is no, but there are exceptions.
Let’s take a closer look:
In Alabama and Georgia, if you are an independent contractor selling MLM products, you are not required to have commercial insurance. However, if you have any employees working for you, even if they are only part-time or 1099 contractors, then you must carry workers’ compensation and liability insurance.
Workers’ compensation and liability insurance are both types of commercial insurance policies. A general liability policy protects you from third-party claims of bodily injury, personal injury, libel, or slander resulting from your business interactions, employees, or property.
A workers’ compensation policy safeguards both the employer and employee in case the employee experiences a work-related injury. The employee is protected through compensation, such as medical bill coverage and lost wages, from being unable to work.
When it comes to insurance, there are a lot of grey areas. However, when it comes to whether or not commercial insurance is required to sell MLM products in Alabama and Georgia, the answer is no—as long as you don’t have any employees working for you. If you’re still not sure whether or not you need commercial insurance when selling MLM products, your best bet is to talk to an insurance agent who can assess your specific situation and advise you on the best course of action.
Give Us A Call
In the meantime, if you have any questions about your insurance needs, don’t hesitate to contact us here at the Mitchell Agency LLC. We’re always happy to help!