Do you need insurance if you are self-employed?
Being self-employed brings many benefits. You are in control. Work when and how you wish and enjoy the freedom that this brings. The sky is your limit. But that does not mean being self-employed does not have its risks. Being self-employed means being responsible for all aspects of your business and the consequences if someone were to make a claim against you. That is why it’s vital to get insurance when self-employed.
With Dinghy’s flexible business insurance for the self-employed, you don’t need to worry about covering the costs of legal and compensation fees, your insurance will cover you should anything go wrong. And because we were freelancers once, we understand insurance for the self-employed. You don’t need to pay for what you don’t need, or use. That is why we are the first to allow you to turn your insurance off when you are not working. Saving you money, but keeping you covered.
What insurance do you need when self-employed?
At Dinghy we recommend that you buy self-employed insurance and offer several types of insurance for the self-employed.
– Professional indemnity insurance for the self-employed
Professional indemnity insurance is fundamental business insurance for the self-employed that covers the costs and compensation to your client if you’ve made a mistake in your work, now or in the past, that ends up losing them money.
Professional Indemnity insurance will cover any legal costs associated with defending a made claim against your business, as well as any compensation that will be required to settle the claim. Vital insurance for the self-employed for greater peace of mind.
– Public liability insurance for the self-employed
Public Liability insurance covers the cost of legal action and compensation claims made against your business if a third party is injured or their property suffers damage whilst at your business premises or when you are working in their home, office, coffee shop or co-working space.
If you often visit your clients or work in shared spaces where members of the public are then plenty can go wrong! Whether you damage someone else’s property, or if someone is injured as a result of your work. In both cases, your business could be sued. Public Liability insurance will cover the cost of legal action and compensation costs, up to the limit of your policy.
– Business Equipment Insurance for the self-employed
Most home insurance policies don’t cover your business equipment. Dinghy’s business equipment insurance covers loss, theft or damage to your business equipment whilst on your business premises, at home, on the move or even in a co-working space. We cover you worldwide, wherever you may be. And we are one of the few insurers who cover you whilst you are in a co-working space.
Upon a successful claim, we will get you a replacement in 24 hours, or send cash directly to you bank account if we cannot meet that promise!
