What is business insurance? Do I need it?
Business insurance is, in a nutshell, business-related peace of mind. Think of it as protecting all the wheels, cogs, nuts and bolts of your livelihood.
It comes in all shapes and sizes and can specialise in a specific type of customer, like we do with freelancers. All businesses should be insured to some degree. If you offer advice or services to clients, you should consider professional indemnity.
The aim of professional indemnity is to offer financial compensation for a work-related loss. With professional indemnity, you're put back in ‘the same’ financial position after a loss as you had enjoyed before the loss occurred.