How worthwhile is freelancer insurance?

Update: 2020-10-12

Description

With Jack
It’s not for you to decide how much liability is associated with a project
If a claim includes loss of income, compensation for hiring other freelancers and other costs incurred, it all adds up
If insurance doesn’t seem worth the price, ask yourself if you’d rather pay £14 a month for legal help, or thousands of pounds in upfront fees?
Remember that contracts don’t stop a client from making a claim against you, even if you include a liability clause
Episode #40 - Why having a contract isn’t enough to protect you
With every project there is always the risk of a client being unhappy with the work you’ve done or a project being delivered late
Your client may go into a project knowing that there are risks, but the whole reason insurance exists is to protect your business from the risks you face and ensure you don't come out of a situation worse off if the client holds you responsible
Sometimes there is little control you have over the situations that lead to claims as well as, more importantly, how your client reacts to those situations

Comments

In Channel

The season finale

2020-11-1612:06

A rise in payment disputes

2020-11-0906:02

A first-hand account of pursuing payment through small claims court

2020-11-0211:25