Do freelancers need professional liability insurance?

Whereas general liability protects against claims of property damage or personal injury, professional liability insurance can help cover legal bills for lawsuits and claims related to professional services. In this way, professional liability insurance is certainly a type of business insurance that many freelancers should look into.

What insurance does a freelancer need?

Both general liability insurance and professional liability insurance are included in the consultant and freelancer’s policy. General liability insurance arranged by Thimble is designed to protect freelancers against accidents on the job that result in bodily injury, property damage, personal or advertising injury to a third party.

What does freelance liability insurance cover?

This plan covers legal defense expenses, settlements, or judgments resulting from claims made by clients or third parties alleging financial loss due to mistakes or failures to meet the expected standards as a freelancer. There are many instances where professional freelance liability insurance may come in handy.