Freelancers enjoy flexibility and independence, but they also face unique risks. Without employer-provided benefits, insurance becomes a crucial safety net.
Health Insurance Options
Freelancers need private health insurance or coverage through marketplaces. Skipping health insurance could mean paying hefty medical bills out-of-pocket.
Professional Liability Insurance
Also known as errors and omissions (E&O) insurance, it protects freelancers from claims that their work caused a client financial loss.
Business Property Insurance
If you work from home, business property insurance protects your equipment like laptops, cameras, or tools used for your freelance work.
Income Protection
Consider disability insurance or even freelancer-specific income protection policies that help replace lost earnings if you can't work due to injury or illness.
Conclusion
Being your own boss comes with great freedom — and great responsibility. Smart freelancers protect themselves with the right mix of insurance policies.
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