Freelancing comes with the freedom and independence you can’t always get from a typical office job, but it also leaves you financially vulnerable. You protect your finances by getting an insurance policy for damages to your car, home, and health, so it’s important to get liability and business insurance for potential damages to your freelancing livelihood. Below, the experienced team at Zimmerman Insurance Agency in High Point, NC, explains why liability insurance is essential for freelancers.

The Importance of Self-Employed Liability Insurance for Freelancers

What Is Liability Insurance?

Liability insurance and business insurance protects either a person or a company in the event they’re sued for a variety of faults, such as malpractice and negligence. For example, if someone were to fall and become injured on the property of a business, that business could be sued to pay for medical expenses, legal fees, and other costs. Insurance could provide financial compensation to the business if that were to occur.

Why Is It Important for Freelancers?

Whether or not you have a physical business as a freelancer, you still have to protect yourself if you were to make a mistake on the job. Depending on the type of industry you work in, you could be sued for negligence or required to provide money to correct an error you made. For example, if you’re a writer, you could get into legal trouble if you don’t provide the facts for something that could then cause a reader to become injured. Your liability insurance policy may give you the finances necessary to handle any legal problems that may result.

What Should a Freelancer Look for When Purchasing Liability Insurance?

Certain insurance agencies have policies tailored to freelancers. You want an insurance company that has a reliable and solid reputation to ensure they can actually provide the financial aid if and when you need it. In addition to the monetary coverage, learn what situations your policy does and doesn’t cover to limit surprises down the road. You’ll also want to know how much the deductible is, which will determine the amount you’ll pay out-of-pocket before your policy kicks in. Finally, find out how their claims system works and the average time it takes to receive help.

If you’re a freelancer, give yourself peace of mind by securing liability and business insurance with Zimmerman Insurance Agency. Their reliable and seasoned team has been providing an array of insurance solutions to residents in the Piedmont Triad area for 55 years. In addition to business insurance, they also offer personalized commercial, accident, auto, and homeowners insurance. They’ll work tirelessly to find a policy with the exact coverage you need so you’ll never have to overpay for premiums. They’re also proud of their simple and easy claims process. Give them a call at (336) 883-6512 or visit their website to learn more about their insurance services. You can also find them on Facebook.