Business Insurance for Freelancers and Consultants: What Coverage Do You Need?

Freelancers and consultants often assume that business insurance is only for larger companies, but even solo professionals can face unexpected challenges. Here are some key types of coverage to consider:

General Liability Insurance

This coverage can help you if a client or third party claims you caused property damage or bodily injury during the course of your work. For example, if a client visits your home office and is injured, general liability insurance may help cover legal and medical costs.

Professional Liability Insurance

Also known as errors and omissions (E&O) insurance, this policy is especially important for consultants and freelancers who provide advice or services. It can help cover legal expenses if a client alleges that your work caused them financial loss due to a mistake or oversight.

Business Property Insurance

This coverage can insure equipment, rented office space, inventory, and other property against incidents such as theft, fire, or vandalism.

Why Insurance Matters for California Freelancers

California’s vibrant business environment means freelancers and consultants face a variety of risks, from client disputes to property damage. Having the proper insurance can help you meet client contract requirements, maintain your professional reputation, and recover more quickly from unexpected setbacks. Moreover, homeowners insurance doesn’t adequately cover business-related operations or property, making business insurance a must even for those who work from their homes.

How Our Team Can Help

At S & G Mitchell Insurance Agency, we work closely with freelancers and consultants across California to assess their risks and recommend tailored insurance solutions. Our team takes the time to explain your options, answer your questions, and ensure you have the coverage that fits your business and budget.

Contact us today to discuss your insurance needs and get personalized guidance from our experienced team.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.