For the daily freelance problems. Professional indemnity is our main policy that protects you from the big issues freelancers like you encounter. Project management issues, missed milestones, unhappy clients. Even if every client and project is different, one thing remains the same: you are your business and you need to protect yourself.
Freelance professional indemnity insurance is there to protect you from the common pitfalls that many freelancers encounter. That includes unpaid invoices (if your client refuses to pay and threatens to bring a claim against you), work that doesn’t meet client expectations or mistakes you make in your work. Professional indemnity covers your defence costs associated with a claim if your client threatens legal action against you, as well as damages if your client claims to suffer a financial loss as a result of your work.
Professional indemnity insurance isn’t a legal requirement for a freelancer but anyone providing a service in exchange for money should have it. Think of professional indemnity insurance the same way you think of wearing a seatbelt when travelling. Nobody gets into a vehicle anticipating a bump, but we still buckle up to minimise the damage if something does go wrong. Professional indemnity insurance works in much the same way.
No freelancer should begin work on a project expecting things to turn bad, but if they do your insurance will help you manage difficult situations. If you want to go into each project with confidence, you should have professional indemnity insurance.
Here’s an overview of the most common claims we see at With Jack.
If your client claims your work doesn’t meet their expectations.
If clients refuse to pay and threaten to bring a claim against you.
If you unintentionally infringe on third-party property.
If you make a mistake or give ill-informed advice.
If you damage a client’s reputation. Defamation, libel, slander…
If you lose or mishandle sensitive client data.
We’ve selected a few of our favourite reads on professional indemnity insurance. Dig deeper into what the cover actually does, understand how claims unfold in real life, and learn about a standout feature we love.
The mitigation costs clause is one of the most used features of the professional indemnity policy. If your client isn’t happy with the work you’ve delivered, refuses to pay your invoice and accompanies that refusal with a threat to bring a claim against you, the insurer will pay you the money owed to you.
Policy wordings don’t always make a lot of sense, so what exactly does professional indemnity insurance cover you for?
Professional indemnity claims can be quite complex. They either involve a legal threat or a client claiming monetary loss. It can be a scary and stressful experience for a freelancer. In this blog post we take you behind the scenes of a professional indemnity claim.
What do we want out of an insurance partner?
With Jack is the answer
