If you are self employed you will need insurance for yourself and the work you do. There are a number of different policies you can have depending on the type of business you run.

Many self employed people are now Consultants who amongst other things give advice to other businesses. If the advice they give is proven to have been wrong they could be liable for any costs if someone makes a claim against them.

If you are a Consultant then you should have Professional Indemnity Insurance which will usually cover the cost of the claim made against you.

A core part of many business insurance policies in the UK is Public Liability Insurance. This covers your business if you in the course of your business activities accidentally cause injury or damage to another person or their property. This type of insurance is particularly important if you have people visiting your business or you are going out visiting other people or working on customers' homes or businesses.

With your core insurance cover you should also have the ability to buy optional extras such as Tool Insurance and Business Equipment cover or Commercial Vehicle Insurance if you have a vehicle you use for your business.

Being self employed means you are responsible for your own insurance rather than relying on an employer. When you are employed you shouldn't have to worry about your insurance as your employer should have it covered. As a self employed person you are responsible for yourself.


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