Freelancers and independent contractors often overlook insurance protection, but they face many of the same risks as larger businesses. Proper coverage is essential for protecting your livelihood.
Essential Coverages for Freelancers
Professional Liability (E&O)
Critical for service-based freelancers:
- Protects against claims of professional mistakes
- Covers failure to deliver promised services
- Includes legal defense costs
General Liability
Important even for home-based businesses:
- Client visits to your workspace
- Damage to client property
- Product liability if selling goods
Cyber Liability for Digital Workers
Freelancers handling client data need cyber protection:
- Data breach response costs
- Business interruption from cyber attacks
- Client notification expenses
Cost-Effective Solutions
Many insurers offer affordable policies designed specifically for freelancers and solo entrepreneurs.