When you are working as a freelance contractor, you must have a Professional Indemnity Insurance cover to meet your legal responsibilities and obligations. Nowadays, you may have noticed that your clients are insisting on proof of your Professional Indemnity insurance before proceeding with their contract. Whether you work from home, overseas or clients’ site, you need to insure your concern and protect yourself with Professional Indemnity Insurance.

As a freelance contractor, you carry certain responsibilities towards your clients. Your mistakes can become a costly affair for them. Your clients have a legal remedy and can seek justice for their financial loss. An agency contract is not going to protect you in all circumstances. Professional Indemnity Insurance provides you the freedom in your profession, regardless of whether your client’s claim is small or big.

There are a wide range of insurance products exclusively catering to the needs of freelance contractors. Without going here and there, you can get instant online insurance quotes, purchase cover and even download your policy certificate within few minutes, from the comforts of your home.

In case one of your clients suffer damage or financial loss due to an error, omission or negligent act caused by you, the Professional Indemnity Insurance will save you and meet your cost of litigation. Suppose you are an IT contractor and you put a bug by accident, while developing the software. This may delay the delivery and your client may claim substantial compensation from you. You can operate independently when you have the Professional Indemnity insurance. You can fully defend your case opposing an IR35 verdict. Moreover, the premiums paid by you are allowable against tax.

If you are protected with a Professional Indemnity insurance for your freelance contract business today, you need not worry about defending the claims of the past made against you or the future damages that may arise and become payable by you.