Are there special insurances for self-employed and freelancers?
March 8, 2022 | 30,00 EUR | answered by Ingo Gallenberg
Dear lawyer,
My name is Johann Schottmann and I am a self-employed graphic designer. Over the past few years, I have steadily expanded my business and built up a solid client base. Now I am wondering if there are specific insurances tailored to the needs of self-employed professionals and freelancers.
Currently, I have a standard liability insurance to protect myself against claims for damages. However, I am wondering if there are other insurances that could be relevant for me as a self-employed individual. I am concerned that I may not be adequately covered and could potentially suffer financial losses in the worst-case scenario.
Therefore, my question to you is: Are there specific insurances that are recommended for self-employed professionals and freelancers? What risks should I, as a graphic designer, pay particular attention to and how can I protect myself against them? I would greatly appreciate your expertise and recommendations to ensure the best possible protection for my professional activities.
Thank you in advance for your help.
Best regards,
Johann Schottmann
Dear Mr. Schottmann,
Thank you for your inquiry and your interest in optimal insurance coverage as a self-employed and freelancer. As a graphic designer, you certainly have specific risks to consider. In addition to your existing liability insurance, there are indeed other insurances that may be important for you as a self-employed individual.
An important insurance for self-employed individuals and freelancers is professional liability insurance. This insurance protects you against claims for damages that may arise in the course of your professional activities. As a graphic designer, errors in the design of logos or promotional materials, for example, could lead to financial claims that can be covered by professional liability insurance.
Furthermore, legal expenses insurance is recommended for self-employed individuals. This insurance covers the costs of legal disputes, for example, in disputes with customers or suppliers. As a self-employed individual, it is important to also secure yourself in legal matters in order to minimize financial risks.
As a graphic designer, you should also consider business liability insurance. This insurance protects you against damages caused in your business or at customers' premises. For example, during a customer visit, an expensive device could fall down, or an employee could accidentally cause damage to the customer's property. Business liability insurance can cover these risks.
Additionally, you should also consider disability insurance. As a self-employed individual, you bear the risk of illnesses or accidents that may temporarily prevent you from working. With disability insurance, you can secure your income and offset financial losses during a period of illness.
Finally, I recommend that you seek individual advice from an insurance specialist to analyze your personal situation and risks, and to find a tailored insurance solution.
I hope that this information has been helpful to you and I am available for further questions.
Best regards,
Ingo Gallenberg
Insurance lawyer
