Professional Indemnity Insurance and Liability Insurance for the Self Employed
As a freelancer, it is important that you stay protected by taking out appropriate insurance. Professional indemnity insurance will give you peace of mind that you are ready should you face action for damages or losses that clients claim to have suffered as a result of your work.
Our insurance partner Hiscox offers expert help and assistance to help you find an insurance product to suit your own requirements. The whole process is quick and easy, from obtaining quotes to purchasing a policy and receiving all your necessary certificates and paperwork by email.
What is it?
Professional indemnity insurance helps you stay protected and meet legal costs should one of your clients raise a claim or pursue compensation related to work that you have done for them. For example, if you are a PR professional a client may feel an error or omission that you made in publicity material has inadvertently damaged their reputation. For IT developers, delays in delivering a key project may also lead to a compensation claim from a client who feels the delays have caused them financial losses.
There are many other situations where a client may launch a claim for compensation or attempt to recover damages from you in relation to delays, negligence or errors, but suitable professional indemnity insurance can help you cover legal costs to contest such claims or cover the costs should you end up having to pay compensation.
Do the self employed need insurance cover?
If you are carrying out work for clients, whether from your own premises or at a client’s site, then there are numerous situations where you can have a direct impact on their business, which means you are taking on a certain level of responsibility. You should consider taking out cover if you:
- Give professional advice to individuals or companies
- Have direct responsibility for intellectual property belonging to your client
- Provide any kind of service which a client could challenge if they do not feel it is up to the required standard or quality
- Are responsible for handling sensitive data belonging to your client or their company
The benefits of taking out professional indemnity insurance through Hiscox
Hiscox offers a flexible service which can be tailored to suit your industry and your own personal circumstances, with varying levels of cover worth up to £10 million available over the phone or up to £2 million if purchased online.
Being self employed means flexibility is key and you can find the perfect Hiscox policy to suit your needs, with a range of policies available which have been designed to meet the needs of your specific profession and the risks that you can face within your industry.
Even if you have started working before taking out an insurance policy, then you can apply for retrospective cover which means you are covered against future claims against work you may have carried out in the past.
Get your personalised professional indemnity insurance quote online at www.hiscox.co.uk/SJD or call 0845 512 1895.
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