Freelance Liability Insurance Guide
Freelancing provides independence and flexibility, but it also comes with certain risks. Protecting your business is crucial, and one way to do that is by securing the right insurance coverage. This guide will break down the key types of liability insurance every freelancer should consider. Why Need Freelance Liability Insurance? Freelancers often take on significant responsibility with their work. Liability insurance offers protection against potential claims of negligence, errors, or accidents. Without it, a legal issue could lead to major financial setbacks. Let’s look at some of the key freelance liability insurance options. 1. Professional Liability Insurance: Coverage for Mistakes Professional Liability Insurance, or Errors and Omissions (E&O) insurance , is essential for those whose work involves offering professional advice or services. If a client believes your work caused them financial loss, this insurance will cover legal defense and settlement costs. This protect...