Unsure? Insure!

I spend a lot of time on freelance forums, sub-reddits and communities. If there’s one (terrible) piece of advice I see from freelancers over and over again, it’s that you don’t need to have insurance if you have a contract. In today’s episode I want to dispel the myth that having a contract is enough to protect you if things go wrong. The information in this podcast is for general guidance and is not legal advice.

Show Notes

  • With Jack
  • Contracts lay the foundation of what duties are to be expected of both parties, but insurance steps into action when those duties come into question
  • Contracts reduce but don't completely eliminate risk. Contracts can be breached and having a contract doesn’t stop a client from making a legal threat or asking you for compensation
  • If you’re unable to complete work, accidentally breach a NDA or delete client data, a client can sue you for breach of contract
  • If you’re insured, a legal expert would help you to defend those allegations and enter into negotiations with your client
  • Out of the last 5 claims at With Jack, 4 of them had a contract in place. It’s clear that having a contract doesn’t prevent a client from making a claim against you
  • The professional indemnity policy has a breach of contract clause, and the legal expenses policy has a contract dispute clause

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.