Which insurance do I need as a self-employed person?
June 4, 2023 | 40,00 EUR | answered by Sophia Evers
Dear Insurance Law Attorney,
My name is Edith Bacigalupo and I work as a freelance writer. In my industry, I am exposed to various risks on a daily basis and therefore I want to ensure comprehensive protection. Unfortunately, I am unsure about the insurance policies I need as a self-employed individual and which ones are particularly relevant to my work.
Currently, I only have health insurance to protect myself in case of illness or accident. However, I have heard that there are other insurances that could be important for self-employed individuals, such as professional liability insurance or business liability insurance.
My biggest concern is that in the event of damage or a lawsuit, I could be financially overwhelmed as I would have to cover all potential costs as a sole proprietor. Therefore, I would like to know which insurances you would recommend for me as a self-employed individual and how I can best protect myself.
Could you please explain in detail which insurances are particularly relevant for my work as a freelance writer and what services these insurances offer? Are there any specific insurances tailored to my industry? What are the approximate costs of these insurances and is it worth taking them out?
Thank you in advance for your support and advice.
Sincerely,
Edith Bacigalupo
Dear Mrs. Bacigalupo,
Thank you for your inquiry regarding the insurances that are particularly relevant for your work as a freelance writer. As an insurance lawyer, I am happy to provide you with some recommendations to ensure you are well protected.
First of all, it is very positive that you have already taken out health insurance to protect yourself in case of illness or accident. In addition to health insurance, there are other insurances that may be important for self-employed individuals, especially for freelance writers.
One of the most important insurances for self-employed individuals is professional liability insurance. This insurance protects you against claims for damages that may arise from errors or omissions in your professional activities. As a writer, for example, copyright infringements or plagiarism could lead to claims for damages. Professional liability insurance covers the costs of damages and legal fees in such cases.
Furthermore, public liability insurance may be relevant for you. This insurance protects you in case of damages to third parties or their property during your professional activities. As a writer, you may also work at client locations or attend events where such damages could occur.
For protection against business interruptions, such as due to illness or technical problems, business interruption insurance could also be useful. This insurance typically covers the ongoing costs of your business if you are temporarily unable to work.
There are also specialized insurances for freelance writers tailored to the needs of this industry. These may include legal expenses insurance to protect you in legal disputes, or cyber insurance to protect against data loss or hacker attacks.
The costs of these insurances may vary depending on the provider, coverage, and individual risks. However, it is important to consider the costs in relation to potential risks and damages. Comprehensive coverage can save you significant financial burdens in case of a claim or lawsuit.
I recommend consulting with an insurance specialist or advisor to find the right insurances for your individual needs. I am also available for further questions and to assist you in choosing the right insurances.
I hope this information has been helpful to you and wish you success and security in your work as a freelance writer.
Best regards,
Sophia Evers
Insurance Lawyer
