Call Us (504) 556-0809 ☰ ˟
Logo
Español
New Orleans: (504) 556-0809 River Parish: (985) 331-9077
  • Home
  • Coverage
    • Automobile
    • BOP (Business Owners Policy)
    • Business & Commercial
    • Commercial Auto
    • Contractors
    • Cyber Liability
    • Dental
    • Flood
    • General Liability
    • Health
    • Homeowners
    • Life
    • Motorcycle
    • Recreational Vehicle
    • Renters
    • Watercraft & Boat
    • Windstorm
    • Workers Compensation
  • Get A Quote
    • Automobile
    • Business
    • Flood
    • Health
    • Homeowners
    • Life
    • Recreational Vehicle
    • Renters
    • Windstorm
  • Customer Service
  • Blog
  • Make A Payment
  • Resources
    • Refer a Friend
    • Important Links
    • Insurance Glossary
    • Homeowners Insurance in Louisiana: How to Save on Soaring Costs
  • About Us
    • About Dave Millet Insurance Agency
    • Our Locations
    • Employee Directory
    • Partners
    • Customer Testimonials
    • Privacy Policy
  • Contact

Auto

We browse through a wide variety of coverages and find the right one for you.

Learn More

Home

We browse through a wide variety of coverages and find the right one for you.

Learn More

Business

We browse through a wide variety of coverages and find the right one for you.

Learn More

Contractors

We browse through a wide variety of coverages and find the right one for you.

Learn More

Life

We browse through a wide variety of coverages and find the right one for you.

Learn More

Health

We browse through a wide variety of coverages and find the right one for you.

Learn More
Home > Blog > When Does a Freelancer Need Contractors Insurance?
WEDNESDAY, APRIL 15, 2020

When Does a Freelancer Need Contractors Insurance?

Freelance Worker

When starting a freelance business, many people don't think of themselves as contractors. On the contrary, those who work for clients under a contract to complete a job within certain parameters can be considered contractors. Many freelancers may not think they need insurance at all. Unfortunately, freelancers have more to lose than they think.

Work Property

Many freelancers work from home using a laptop or other computer. Computers alone are expensive to replace, and those costs are even steeper if you use the device to create items for sale. Loss of any item you use to make money may have limited to no coverage under your home insurance. Contractors insurance can provide compensation for work-related tools and items lost due to such incidents as fire, smoke, lightning, theft or vandalism.

Liability

Liability insurance as offered by home insurance will not cover any liability attached to your freelance business. Personal liability only covers bodily injury and property damage claims that occur on the home's property, while contractors insurance combines liability coverages specifically for businesses. Liability insurance available under contractors insurance include the following options.

  • General Liability applies if your work has a shop or a physical address, such as an office space. It provides compensation for claims of bodily injury or property damage a third party may suffer on the property.
  • Professional Liability is liability specifically for businesses and protects the business (or freelancer) in the event of claims of professional negligence. Professional negligence refers to a mistake made on behalf of the professional (or freelancer) offering specialized services that results in a client's loss of money. Freelance IT consultants, for example, heavily benefit from this insurance.

How Much Is Contractors Insurance?

The price of contractors insurance depends on several variables. First is the type and amount of coverage. General liability for freelancers, for example, costs around $400 a year (around $33.33 a month). If you're a freelance handyman or physical contractor, you may want higher liability limits. If your freelance work concerns expensive or valuable equipment, you may benefit from higher property coverage limits.

Also keep in mind that items and equipment related to your work may not be covered by your personal auto insurance policy if lost or damaged in transit. If your freelance work involves a work vehicle, you may need commercial auto insurance and inland marine insurance to cover the vehicle and any equipment you need to transport from loss or damage.

Get A Quote

Posted 11:00 AM

Tags: contractors insurance, dave millet insurance agency
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2015
  • 2014

  • home insurance(22)
  • dave millet insurance agency(17)
  • insurance(15)
  • louisiana(10)
  • contractors insurance(10)
  • metairie(9)
  • business insurance(8)
  • workers compensation insurance(6)
  • homeowners insurance(5)
  • commercial insurance(4)
  • general liability insurance(4)
  • dave millet insurance(3)
  • commercial auto insurance(3)
  • laplace(2)
  • boat insurance(2)
  • renters insurance(2)
  • auto insurance(2)
  • homeowners(2)
  • auto(2)
  • new orleans(2)
  • home(1)
  • short term disability(1)
  • metarie(1)
  • pests(1)
  • holiday(1)
  • car maintenance(1)
  • office safety(1)
  • vehicles(1)
  • laplace la insurance(1)
  • general liability(1)
  • maintenance(1)
  • fire safety equipment(1)
  • disability insurance(1)
  • tires(1)
  • tenant insurance(1)
  • employee(1)
  • car insurance(1)
  • coolant(1)
  • rv insurance(1)
  • long term disability(1)
  • windstorm(1)
  • bad weather(1)
  • business owners(1)
  • builders(1)
  • motorcycle insurance(1)
  • commercial(1)
  • disaster preparedness(1)
  • houma(1)
  • home inventory(1)
  • la(1)

View Mobile Version

Contact Us Today!
New Orleans

(504) 556-0809


River Parish

(985) 331-9077

Contact Us
Facebook Twitter LinkedIn Google Maps

Resources

  • Products
  • Customer Service
  • Payment Options
  • Report a Claim
  • About Us
  • Refer A Friend
  • Our Carriers
  • Blog
  • Contact Us

Contact Us

New Orleans: 2305 Veterans Memorial Blvd, Suite F | Metairie, LA 70002
River Parish: 13385 Highway 90 | Boutte, LA 70039
P: (504) 556-0809 | P: (985) 331-9077 | F: (985) 331-9844
© Copyright 2021. All rights reserved. | Powered by Insurance Website Builder