Sole Proprietor Life and Health Insurance
Definition - What does Sole Proprietor Life and Health Insurance mean?
Sole proprietor life and health insurance is life and health insurance for owners of sole proprietorship businesses. Because they are self-employed, sole proprietors are ineligible for life and health insurance offered by a company.
Insuranceopedia explains Sole Proprietor Life and Health Insurance
Sole proprietors include a number of different types of self-employed individuals, including freelancers, contractors, consultants, artists, and musicians. Health insurance coverage is now mandatory for American citizens, so sole proprietors must get health insurance coverage even if they don't have access to a policy offered by a company. The insurance market has many options for sole proprietor life and health insurance policies.