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jp_m
New Member

I'm sole proprietor and I'm trying to figure out how much my insurance should cover for interruption of my business after injury. They're trying to low ball, need help.

I work from home and use personal vehicle  for work. Advantage of this is that I get to write off a bunch of my expenses that I wouldn't if I was an employee which lowers my net income. My question is should insurance cover my gross business income bcoz of business interruption due to my injury. As a sole proprietor  my personal expenses are deducted together with raw materials to give the net income.
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I'm sole proprietor and I'm trying to figure out how much my insurance should cover for interruption of my business after injury. They're trying to low ball, need help.

Read the insurance polity carefully to see what it covers and ask the plan administrator these questions.

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3 Replies

I'm sole proprietor and I'm trying to figure out how much my insurance should cover for interruption of my business after injury. They're trying to low ball, need help.

It appears as if you are at the point where you need an attorney.

 

https://www.avvo.com/find-a-lawyer

Carl
Level 15

I'm sole proprietor and I'm trying to figure out how much my insurance should cover for interruption of my business after injury. They're trying to low ball, need help.

Your post has nothing to do with taxes or the TurboTax program really. You should seek the advice of a business attorney in your local jurisdiction for this.

I'm sole proprietor and I'm trying to figure out how much my insurance should cover for interruption of my business after injury. They're trying to low ball, need help.

Read the insurance polity carefully to see what it covers and ask the plan administrator these questions.

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