Unsure? Insure!

The mitigation costs clause is one of the most useful features of the professional indemnity policy. But what does the mitigation costs clause mean in plain English and how does it work? How can it help freelancers? The information in this podcast is for general guidance and is not legal advice.

Show Notes

  • With Jack
  • The mitigation costs clause is one of the most used features of the professional indemnity policy
  • If your client isn’t happy with the work you’ve delivered, refuses to pay your invoice and accompanies that refusal with a threat, the insurer will pay you the money owed to you
  • Usually claims arise due to other factors, but if the client is threatening to make a claim then there’s a high probability they’re not going to want to pay the freelancer. This is why the mitigation costs clause is such a useful feature
  • There is cover for unpaid invoices under the legal expenses product, where a solicitor chases overdue invoices on your behalf, but that’s a separate product. The mitigation costs clause in the professional indemnity policy will only spring into action if the refusal to pay is accompanied with a potential claim

What is Unsure? Insure!?

After so many years helping freelancers stay in business, I’m no stranger to the kinds of problems you face. But freelancing doesn’t mean having to face these problems alone. A lot of the time there is help available. I’d like to share these stories with you so you can be a confident freelancer.