What types of business insurance do freelancers need?

This article focuses on explaining business insurance for freelancers at its core. In particular, we’ll delve into the different types of coverage available, such as professional liability insurance, general liability insurance, and property insurance, to help you find the right business insurance. What is Business Insurance?

What is freelance business insurance?

Freelance business insurance protects you from potential risks and financial inconveniences associated with your work. A common type of business insurance is the business owner’s policy (BOP). A BOP is a comprehensive insurance package designed to provide small businesses with a combination of general liability and property insurance.

How much do freelancers pay for business insurance?

For a point of reference, according to the insurance company Pogo, on average, freelancers and self-employed professionals pay $400 per year for general liability insurance. A great way to save money on business insurance as a freelancer (or any business owner) is to purchase a customizable business owner's policy.