Many people are choosing freelancing due to its innumerable self-employment benefits. It gives you the right freedom to explore the world, spend time with family and earn your income as you want. However, if you’re planning to start your own freelancing business in Woodbury, MN; you need to get the right commercial insurance coverages to protect your business. At Kriener Insurance, we recommend learning about different business insurance policies to determine which ones work best for you. Here are a few examples to get you started.
General liability insurance
Every business owner, including freelancers, should have general liability insurance, which helps protect people from liability claims and other common accidents in the workplace. Even if you work from home, accidents happen everywhere, which can leave you dealing with deadly and expensive lawsuits.
Professional liability insurance
While general liability protects your liability claim for personal injuries and damage, professional liability or errors and omissions help cover legal bills for lawsuits related to your professional services. For instance, if you are a freelance writer and a client decides to sue you for delivering poor quality work, professional liability insurance can help pay the legal fees.
Cyber liability insurance
Cyber liability is critical, especially if your freelance work involves working or managing jobs online, which most freelancers do. Data breaches, fraud, and other cybercrimes can be very expensive to deal with, but if you have cyber liability insurance, your finances and business will keep running smoothly.
Commercial property insurance
Even if you’re a freelancer who mainly works from Woodbury, MN home, it’s essential that you have commercial property insurance to protect your office. Remember, home or renters insurance does not cover damages related to your business property. Whether you own a small apartment, office or simply use your living room as your office, this coverage may help pay for any accidents that could happen to your workspace.
Need to get several business policies for your freelancing business? You are in the right place. Kriener Insurance helps you choose the most appropriate coverages and take you through the entire purchase process. Feel free to call us to book an appointment.