What insurances do I need as a self-employed person?
May 2, 2022 | 40,00 EUR | answered by Isabel Müller
Dear tax advisor,
I am Paul Tiefbach and I am currently planning to start my own business. I have delved into the topic of starting a business intensively and am aware that besides tax aspects, it is also about securing my self-employment. Therefore, I am concerned about which insurances I need as a self-employed individual.
Current situation: I am about to start my own company and will work as a freelance photographer in the future. I will regularly go on photo shoots, advise clients, and offer my services. As I see many risks in this industry, I want to protect myself accordingly and minimize financial risks.
My concerns: As a self-employed individual, I not only bear responsibility for my work, but also for my insurance in case of illness, accidents, or claims for damages. I am aware that there are many different insurances that could be relevant, but I am unsure which ones are truly necessary and which are optional.
My question: What insurances do I need as a self-employed individual in the photography industry to comprehensively protect myself and minimize financial risks? Are there specific insurances that are particularly important for photographers? Which insurances are legally required and which are recommended to secure my self-employment in the long term?
I look forward to your expert advice and thank you in advance for your support.
Best regards,
Paul Tiefbach
Dear Mr. Tiefbach,
Thank you for your inquiry regarding the necessary insurances as a freelancer in the photography industry. It is very important for entrepreneurs to have comprehensive insurance coverage to minimize financial risks and to be well protected in case of illness, accidents, or liability claims.
As a freelance photographer, there are certain insurances that are particularly important to secure your self-employment in the long term. First and foremost, public liability insurance is essential. This insurance protects you from the financial consequences of liability claims that may arise from your professional activities. As a photographer, you work with expensive equipment and have direct contact with clients, so public liability insurance is especially important.
I also recommend taking out professional liability insurance. This insurance covers liability claims that may arise from errors or omissions in your professional activities. As a photographer, it is important to protect yourself against possible mistakes to minimize financial risks.
Another important insurance is health insurance. As a self-employed individual, you are not automatically covered by statutory health insurance like employees, so you should take out private health insurance to be well covered in case of illness.
Furthermore, you should consider disability insurance. This insurance provides financial support if you are no longer able to work due to illness or accident. As a self-employed individual, you rely on your income, so disability insurance is particularly important.
Additionally, you should also consider legal expenses insurance to protect yourself in case of legal disputes. Legal expenses insurance can help you represent your legal interests and avoid high legal costs.
Overall, public liability insurance, professional liability insurance, health insurance, disability insurance, and legal expenses insurance are important insurances to comprehensively protect yourself as a freelance photographer. It is advisable to seek advice from an insurance expert to find the right insurances for your individual situation.
I hope that this information has been helpful to you and I am available for any further questions.
Kind regards,
Isabel Müller
