You are an independent contractor, sole proprietor, or owner of a company of one. What happens to your business, your income and your clients if something happens to you? If you haven’t thought about setting up a formal contingency plan to outline the steps you need to take now in case something happens to you, you could be jeopardizing your livelihood. Whether it is an accident or an illness, something unexpected could occur at any time that can put a strain on your work and life.
Here are some things you should think about when developing — and implementing — a contingency plan. Read more »