General Liability Insurance for Freelancers
The freedoms of working as a freelancer can involve unexpected risks. If you cause damage in the course of your self-employed activity, you are personally responsible. In the worst case, this can mean your financial ruin. Therefore, a general liability insurance is especially important for freelancers. The General Liability Insurance for Freelancers from exali.com offers you the right insurance coverage - tailored to the special risks and needs in your industry.
What does General Liability Insurance for Freelancers cost?
The General Liability Insurance for Freelancers offers protection if a third party (e.g. a customer, principal or landlord) demands compensation from them due to operational risks. The General and Personal Liability Insurance covers in particular personal injuries, property damage and consequential losses, for which you as a freelancer are liable for damages and are personally liable with your private assets. The exali.com claims practice shows, however, that in the professions of the digital world, in addition to personal injuries and property damage, financial risks - so-called financial losses - are particularly common. According to an exali.com evaluation, more than 90 per cent of the damage events that freelancers cause in these industries are financial losses. We therefore always offer you general and personal liability insurance in combination with a financial loss liability insurance. As a freelancer, you are fully insured against all types of damage in your business.
As a Freelancer, Why do you Need General Liability Insurance?
By working as a freelancer or self-employed, you bear special professional and operational risks. These liability risks are not covered by your private liability insurance or legal expenses insurance. Since you, as a freelancer, are liable for these operational risks with your private assets, general and personal liability insurance is one of the most important components in making the risk of freelance work calculable.
As soon as you start a freelance activity, it is therefore advisable to take out a special general liability insurance for freelancers. This covers personal injuries and property damage and the resulting consequential losses (so-called special damages) that arise from your business activities.
As, in our experience, freelancers frequently cause pure financial losses, at exali.com, in addition to the general liability insurance, a financial loss liability insurance is also offered as part of the basic coverage. This can be expanded by a freely selectable add-on module.
This allows you to adapt the scope of insurance very individually to your risk situation. The following overview will tell you which general and personal liability insurance in combination with financial loss liability is the right one for your industry.
What Risks are Freelancers Insured Against in the General Liability Insurance?
The General Liability Insurance generally covers operational risks that arise, for example, from owed services or products, the running of an office, an agency, a law firm. When looking at the private sphere, General Liability Insurance can best be compared with private liability insurance, with the difference that here risks from the business environment are covered.
General Liability Insurance Covers Risks from the Following Three Areas:
- Office and permanent establishment risks
- Product liability risks (liability for products and services)
- Environmental liability and environmental damage risks
For Example, these Risks are Insured:
- Personal injuries and property damage due to faulty service provision
- Damages on business trips, at trade fairs, exhibitions or events (worldwide)
- Damage to rented office space or event rooms (rental property damage)
- Damage in the organisation and execution of seminars or training courses
- Damage caused by the professional operation of aerial drones up to 5 kilograms (incl camera)
- Damage of items in the care of the insured that are rented, leased or borrowed for up to 6 months
- Personal injuries and property damage at customer appointments
- Product liability damage (guaranteed properties)
- Loss of customer keys and code cards
- Damages to third-party property due to activities
- Environmental liability damages
Quick Facts about General Liability Insurance for Freelancers