Assessing your unique financial risks as a freelancer or business owner
Operating as a freelancer, independent contractor, or small business owner brings immense professional freedom, but it also strips away the institutional safety nets enjoyed by traditional W-2 employees. When you are self-employed, you do not have access to corporate-sponsored group life insurance, paid sick leave, or short-term disability benefits. If an unexpected illness or injury prevents you from working, your revenue stream can stop instantly, while your monthly overhead and personal financial obligations remain entirely