Among the freedom of going freelance, it’s easy to forget that mistakes can happen and cost your business a lot of money. So when you’re the sole person in your business, you need to make sure you cover your back with the right insurance.
As an individual working with a single client or many, you’re relied upon to provide a vital support service through your skills and expertise. But if you were to have an accident at work or while playing sport at the weekend that meant you couldn’t work, your income would stop.
Equally, you need cover if you work on a clients premises to protect you against accidents such as injuring a member of staff or damaging client property. Plus, if one of your clients thinks you’ve been negligent in your work, they could sue you and claim compensation – which might amount to thousands of pounds.
Don’t worry. It’s easy to cover yourself for all of the above scenarios and much more, like theft of your equipment or a fire in your home that stops you working there.
There’s a range of basic insurance that it’s sensible to have and which won’t cost you the earth. You can often buy it as a package, which helps make it simple to administer, too. The key areas are:
In addition, consider office insurance, which protects your contents and equipment like IT equipment and mobile phones both in the office and outside it. If you work from home, these items usually aren’t covered on your home contents policy.
While it may look like a daunting list of policies, the fact is that freelancer insurance is a fairly small monthly payment that could protect you against expensive lawsuits or compensation pay-outs for a seemingly innocuous mistake.
And with the ability to pick and choose the level of your cover, it’s a sensible part of building your business.
If you prefer to speak to one of our friendly team call 0333 321 1403