The Ultimate Guide to Insurance for Freelancers in 2025 🔹 INTRODUCTION: Why Insurance is Non-Negotiable for Freelancers in 2025 In 2025, the freelance economy is not just growing; it’s thriving, with over 70 million Americans working independently—an astonishing 90% increase since 2020 —and projected to grow further to 86.5 million by 2027 (fortunly.com). This post‑COVID […]
How to Get a Certificate of Insurance (COI) for a Client Project 🔹 INTRODUCTION Goal: Explain why clients ask for a COI and how it fits into modern freelance work. Imagine this: you’ve secured the project, negotiated the terms, and when you think everything is set, your client asks for a Certificate of Insurance (COI).
Review: Is a Business Owner’s Policy (BOP) Worth It for a Freelancer? 🔹 INTRODUCTION As a freelancer, you’re essentially a one-person business, but the risks you face are far from insignificant. Each day, you’re tasked with managing client contracts, equipment, and paperwork, all while demonstrating your professionalism through Certificates of Insurance (COIs). However, the process
Hiscox vs NEXT Insurance: Which is Better for Solopreneurs? 🔹 INTRODUCTION Goal: Set context for solopreneurs choosing between Hiscox and NEXT Insurance Running a solo business means juggling every role—from sales and services to legal and admin tasks. And that also includes managing risk. With growing client expectations, contract requirements, and a surge of liability
The 5 Best Business Insurance Companies for Freelancers in 2025 🔹 INTRODUCTION As the freelance economy continues to expand, the significance of comprehensive insurance coverage for freelancers cannot be overstated. With client expectations escalating, the need for protection and professionalism is more pronounced than ever. Freelancers are increasingly required to furnish certificates of insurance (COIs)
How Much Does Business Insurance Cost for a Freelancer? 🔹 INTRODUCTION: Budgeting for Peace of Mind Picture this: you’ve just landed a high-ticket client, a clear indication of the value your work holds. But as you finalize the contract, they request proof of business insurance. Suddenly, what was once an optional investment becomes a mandatory
What is Professional Liability Insurance and Why Do Freelancers Need It? 🔹 Introduction Imagine this scenario: you delivered a project, the client is unsatisfied with the outcome, and suddenly, you’re facing a lawsuit. The potential financial burden of such a situation can be overwhelming. Perhaps you’ve missed a deadline, made an error in strategic guidance,
Does a Freelancer Need General Liability Insurance? 🔹 INTRODUCTION Imagine this: you’re meeting a client at a cafĂ©, casually setting down your laptop bag on the table—only for it to tip over and send their coffee spilling directly onto their phone. This seemingly harmless incident could lead to a potential liability claim.It’s a common misconception
A Freelancer’s Guide to Cyber Insurance 🔹 INTRODUCTION “You open an email from a trusted client—a simple request—but minutes later, your files are encrypted, and you’re holding the bill for ransom.” As remote work continues to grow, freelancers are increasingly vulnerable to digital risks. Shockingly, only 17% of small businesses carry cyber insurance, leaving the
