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.

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.

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.