Simple On-Demand Insurance Isn’t That Interesting, Right?
Let’s face it, no one wants to read about on-demand insurance. It’s like reading about wearing your seatbelt. But, like wearing your seatbelt, insurance is important and could save you from serious terrors. Of course, with insurance, the terror of not being covered will often be financial. This is a particularly crucial consideration for freelancers. When you are a freelancer or contractor, you will essentially be running your own mini business. That’s certainly how the taxman views it, and that’s why you need to make sure that you are aware of your responsibilities which are quite similar to those of a typical business owner.
Of course, as a freelancer, you will be working on short-term jobs and gigs. These could last a couple of months, a couple of weeks or just several days. It’s important that when you are taking jobs and projects on like this that you are insured. Don’t forget, you do not have the same rights as a typical employee. Failing to manage and arrange your own coverage will lead to severe issues and serious penalties for you and your business enterprise. Let’s look at some of these issues.
Protection From The Cost Of Injury Lawsuits
One of the main reasons to make sure that you do get on-demand insurance for each and every job you take on is to make sure that you are protected from the cost of a lawsuit. Remember, if you are operating in a public place, you are legally accountable for anyone who you accidentally injure or any item of theirs that you unintentionally damage.
You might think that this obviously only applies to contractors working in certain industries such as construction. But don’t be so sure. You could just be meeting a client in a coffee shop to discuss designs and show them on your laptop. After plugging your laptop in, someone trips over your wire. If they’re injured, you’re accountable, but with on-demand liability insurance you will be covered for this risk.
You Made A Mistake
Everyone makes mistakes, we’re only a human after all. However, if your mistake impacts a business or individual in any way they are entitled to claim against you. This could be something as simple as leaving a placeholder image that has copyright protection on an article a client posts on their website. While this might not seem like a major issue, it could impact their ranking, their reputation and thus their profitability. Again, you are accountable for this mistake which is why on any job you should have simple on-demand insurance to provide protection from this issue.
You Broke Your Tech
Finally, as a freelance photographer, you might be carrying out large, expensive equipment, using it for jobs and projects. If that’s the case, you need to make sure that you are protected from potential damage that could cost a fortune in replacements. As well as this, if the equipment is damaged and you can’t fix or replace it immediately, it could impact your ability to make profits.