Professional Indemnity for Freelancers in Latvia
But in every service provided for a customer there also lies the risk of inflicting financial damage on them. If you are held liable for this, as a freelancer you will usually have to pay for damages with your private assets that can threaten your existence.
With the exali.com Professional Indemnity Insurance for Freelancers from Latvia, you receive comprehensive and reliable insurance protection. You can easily determine your individual offer and your personal premium for occupational protection yourself online.
As a freelancer in Latvia, you perform technical, scientific, creative or advisory work for your customers - for example as a programmer, designer, journalist or consultant. Depending on the focus, advisory functions or practical implementation predominate in these activities.
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What is a Professional Indemnity Insurance for Freelancers?
In general, Professional Indemnity Insurance protects the freelancer from the professional liability risks associated with his professional activity. The Professional Indemnity offers the freelancer coverage for the frequently occurring financial losses (financial damage), e.g. through the infringement of data protection laws such as the GDPR, as well as for personal injuries and property damage, for example as inflicted on the principal. To this end, professional indemnity insurance includes two important insurance modules in the basic coverage: The financial loss liability insurance as well as the General Liability Insurance for Freelancers. Since the professional activities and the associated risks of freelancers differ depending on the industry and project, you can choose an optional add-on module at exali.com as a supplement to the basic coverage. This means that you are optimally insured if something goes wrong in your Latvian business.
Why do you Need Professional Indemnity Insurance in Latvia?
Freelancers from Latvia have extensive duties in projects and can be held liable for compensation by law and on the basis of contractual agreements. In the worst case, you will be liable with your private assets, which can lead to serious financial consequences. In order to avoid this and not to plunge into financial ruin, professional indemnity insurance for freelancers in Latvia is absolutely necessary. With an indemnity insurance from exali.com you protect yourself against unlawful claims by third parties (passive legal expenses insurance) and at the same time you are protected against legitimate claims for damages that are the result of financial loss up to 2 million euros. Personal injuries and property damage can be covered with the General and Personal Liability Insurance with an insured sum of up to 5 million euros.
Special individual requirements can also be covered by the Professional Indemnity Insurance for Freelancers from Latvia. For this purpose, you will find the various optional add-on modules in the online premium calculator, which can also expand your insurance coverage if required.
Our exali.com experts will be happy to advise you on the relevance of the individual basic and add-on modules and work with you to design your personal insurance scope.