The aim of professional indemnity is to offer reimbursement for a work-related loss. You're put back in the same financial position after a loss as you'd enjoyed prior to the loss. A work-related loss could be compensation for a mistake you've made, damages a client is claiming, or legal fees if a client makes a claim against you.
You get access to all of this from £14 per month.
Enjoy the freelance lifestyle without the risk
These are just some of the scenarios professional indemnity may cover freelancers for:
- Unpaid invoices (if your relationship with a client breaks down, the client may refuse to pay any or all of your fees)
- Unintentional copyright infringement
- Careless mistakes in your work
- Defence costs and access to a team of legal experts
- Data breach / loss of sensitive client information
- Breach of contract
Can you provide a real scenario of a designer needing insurance?
If the worst happens and a client threatens to sue you, professional indemnity also pays your legal expenses in the defence of a claim. Plus you'll have a world-class legal team fighting your corner. They’re the big guys. You’re the little guy. And now you have a team of people to help you. That’s why you’re with Jack.
We've seen many situations where a freelance designer needed to call on the help of their insurer. Below is just one example (you can read the full story here).
A web designer was contracted to design a website for a client. Over time their relationship gradually broke down.
The scope had changed since the initial project, and the work the designer had agreed to and quoted for was now drastically different.
After feeling overworked, underpaid and unhappy, the designer decided to cease working with the client.
The client hit back with the following claims;
- Reimbursement for the money they had already paid to the designer
- Damages for loss of income as a result of the delayed launch of the website
- Compensation for hiring other contractors to complete the project
Fortunately, the designer had professional indemnity insurance arranged by With Jack. The insurer immediately appointed a team of legal experts to deal with their client and a settlement was agreed out of court.
This is just one of many examples where your insurer would step in to help you. The designer was put back in the same financial position after their loss as they'd enjoyed before the loss. That's what business insurance is for.
Be a trusted and insured professional
Insurance exists as protection against mistakes you make in your work and complaints or criticism from clients. It doesn't matter how good you are, these things happen.
As a web designer your reputation is everything. Being an insured professional shows clients you’re serious and ensures there’s minimal disruption to your work if there’s an accident or mistake.
Although insurance premiums vary, the professional indemnity policy we arrange costs £14 per month for £1,000,000 of cover. Every web designer should be insured. And it's tax deductible.
We asked ourselves one important question …
What do we want out of an insurance provider?
With Jack is the answer