The way people work is changing. In 2019 there are more contractors, freelancers and micro SMEs than there were even 10 years ago. Driven by the desire to work more flexibly, or perhaps by a business idea to plug a gap in the market, the twentieth century concept of “a job for life” has well and truly been consigned to the past.

Advances in technology give freelancers choice about how, when and where to work

Technology advances have enabled many more people to work for themselves and establish businesses catering to niche needs that didn’t even exist a few years ago. These entrepreneurs often work from a home office or shared work space. They run their businesses using a mobile phone, a laptop, and boundless energy.

Many freelancers and contractors work on a project by project basis. They may pick up a contract for a few months from a client and then take some time off before looking for the next one. This gives them lots of flexibility and a great work life balance.

Business insurance fails to meet the needs of flexible workers

Despite the increasing prevalence of this type of flexible working, in the main insurers have yet to catch up. Many traditional insurers have failed to recognise that the self employed and micro businesses don’t always work non-stop 5 days a week, 12 months a year. The business insurance they offer is on an annual basis only. This means their policyholders have no choice but to buy cover for the periods of time they are not working and don’t necessarily need insurance protection. In other words, they are paying for insurance they don’t need.

Fully flexible insurance from Tapoly

Tapoly is a new insurer with a new way of looking at things. We offer what’s called on-demand insurance. This allows you to choose the term for which you need insurance. This could be as little as a day, a week or a month, or anything up to a whole year.

You can match your insurance term to the timeframe of your latest contract. When your work finishes, so does your insurance. It’s fully flexible, so when you start your next contract, you can start your next period of insurance. It’s quick, it’s simple, it’s hassle-free and you only pay for what you need.

You can protect yourself for the work you do and the advice you give with Professional Indemnity insurance. Depending on how you work, you can then tailor your insurance to suit your needs. Add Public Liability insurance if you work at your clients’ business premises or if they visit you at yours. Add contents and business equipment insurance to protect your business tools, such as your laptop. You might also want to consider Cyber Breach Response to protect you against computer hacks and cyber-crime.

Read more here about the insurance products that Tapoly offers and decide which ones you need and which ones you don’t.

If you need help and support in getting your insurance please contact us at info@tapoly.com