Freelancer Insurance at exali.com
As a freelancer, you are professionally independent and enjoy a lot of freedom in structuring your working conditions. However, freelance work also entails responsibilities and duties. Even a small professional mistake or an oversight can cause major damage to a customer or principal, for which you will then be made liable with your private assets.
The freelancer insurances on exali.com offer extensive protection and the optimal insured sum for financial loss as well as personal injuries and property damage. Freelancers and, if necessary, their employees, are insured comprehensively and professionally supported in a damage event via the liability concept. So secure your professional existence comprehensively with an insurance for freelancers from exali.com.
What is Freelancer Insurance?
Freelancer insurance is an indemnity insurance that insures financial loss, personal injuries and property damage. The legislature does not provide for a general limitation of liability or even an exclusion of liability for freelancers, which is why you become liable with your private assets in a serious scenario. In a damage event, there is not only the risk of compensation payments, but also of costs for experts, lawyers, court attendance expenses and many other costs related to the damage caused. In modern freelance professions, this often results in financial damage (so-called financial losses). Freelancers should cover this damage with a sufficiently high sum insured to be protected against personal financial loss.
The freelancer insurance from exali.com protects you reliably, because we offer insurance concepts specially tailored to the requirements of individual professional groups and industries.
Which Insurances Do Freelancers Need?
Since freelancers work independently like the self-employed, do not have a permanent employer and are therefore not privileged in terms of liability like salaried employees or are also insured by the principal, they have to protect themselves. exali.com offers freelancers from different industries comprehensive insurance protection that is tailored to individual requirements. So that all topics are covered and you can carry out your service without worrying, with the freelancer insurance you receive a concept that covers all important risks via relevant insurance modules.
These are:
- Financial Loss Indemnity Insurance: According to an internal evaluation by exali.com, freelancers suffer financial damage (financial loss) in over 90 per cent of damage events. These risks are covered by what is known as financial loss liability, which is already included in exali.com's basic coverage.
- General Liability Insurance: In the basic protection, exali.com also offers protection against personal injuries and property damage caused by operational risks. This damage can occur, for example, through the service rendered itself, at customer appointments, business trips or while attending a trade fair.
In addition to the basic protection, exali.com offers an optional add-on module through which the scope of coverage of the freelancer insurance can be individually adapted to the respective activity of the freelancer.
What Risks does Freelancer Insurance Protect Against?
Freelancer insurance provides you with comprehensive protection against financial loss as well as personal injuries and property damage that you inflict on third parties (e.g. customers or principals) in your business. The insurer also takes on a reviewing function to determine whether the alleged claims are justified. If this is not the case, the insurer will bear the costs of defending against unjustified claims for damages (e.g. lawyer, expert and court attendance expenses). In these cases, freelancer insurance works like legal protection insurance. This is why this service component is also called ‘passive legal expenses insurance’.
The causes of damage events are as diverse as the risks that freelancer insurance protects you from. Often these risks arise due to an oversight, human error, unforeseen circumstances, and an unfortunate chain of events. Damage events do not only occur during active work. Damage also occurs in consulting if, for example, crucial information is not taken into account.
These errors are of course insured, as well as for example:
- general consulting mistakes
- missing a deadline
- programming error
- infringements of rights
- evaluation errors
- instruction errors
- analysis errors
- calculation errors
- measurement error
- mix-ups
- loss
Quick Facts about Freelancer Insurance
Frequently Asked Questions
Do I Need Freelancer Insurance, Even if a Limitation of Liability is Noted in the Terms and Conditions?
In principle, a liability insurance is strongly recommended, even if you try to exclude liability in your contracts by means of general terms and conditions. The background to this is that, according to the law, it is generally not possible to exclude certain liability risks. This includes, for example, so-called cardinal obligations that are necessary to fulfil the contract, such as the functioning or usability of software. In a damage event, such terms and conditions can be declared ineffective and you, as a freelancer, have to expect the legally prescribed, unlimited liability again. For all-round protection, exali.com provides you with freelancer insurance that includes property damage liability as well as business and General Liability Insurance. Personal injuries and property damage as well as financial loss are comprehensively covered.