Do you need freelance insurance?

Do you need freelance insurance?
Do you need freelance insurance?

Being self-employed has a number of benefits, but it also carries some risks. It is best to take the provisions to take care of both the savings and your assets.

Being a freelancer has multiple benefits. For example: you manage your time as you see fit, establish direct relationships with clients and few restrictions when negotiating projects and suppliers. However, there is another side of the coin that is related to the ability to respond to possible unforeseen events.

The salaried worker is attached to the General Social Security Regime, (which covers areas such as health care, retirement and maternity, among others). However, this is not the case for self-employed workers … self-employed workers must assume situations such as: work accidents or illness, among others, and they must respond with their savings or assets in the case of not having contracted self-employment insurance. .

So do I need self-employment insurance?

Given the panorama, we give you 4 basic reasons why it is necessary to take out self-employment insurance:

To safeguard savings and wealth.
To have the ability to respond or compensation for traffic or work accidents. (Also known as Civil liability)
To have coverage against work sick leave.
To have support for a prolonged illness or permanent disability.

Investment in security is essential for a self-employed worker. Although in some cases it is mandatory, such as when contracting social responsibility insurance if high-risk work is carried out (such as electricity installations, or if you own your own premises), it is also necessary to invest in security to have how to respond to unforeseen events or accidents.

A freelance who is affected by a traffic accident or illness must cease his work for a certain time, depending on the severity of the situation; however, your fixed expenses are maintained and, unlike those that work under a dependency relationship for a company, you will have to cover them.

Freelance accident coverage

Having guaranteed compensation for a possible accident is essential. In this scenario, not only will the work and deliveries of products or services to the different clients be affected, but also the responsibilities and payments that the affected person must cover at any given time.

A self-employed person does not have the possibility to request a leave for a few days and receive the corresponding salary; You also cannot ask for a loan or advance from the company you work for. The reality is that both an illness, an accident or a sick leave are incompatible with being a self-employed person.

Accident coverage can be contracted both to cover incidents or accidents in the workplace, as well as in vehicles. It is important to take into account all possibilities and protect yourself, to maintain the ability to respond with any corresponding compensation at any given time.

Autonomous accident insurance has different modalities, depending on the type of contract and the insurance company. However, they are usually contracted on a daily, or monthly, basis.

Does self-employment insurance cover me for the self-employed?

The loss of self-employed and social security is one of the main concerns of these workers. Given this, the self-employed insurance covers what is necessary for the type of work activity, the associated risks and their possible implications.

In the case of a self-employed worker, as in the case of salaried employees, termination is a possibility. This is why policies and insurance companies take it into account when offering different types of coverage. Both an accident, a prolonged illness and temporary or permanent disability are possible scenarios, even if nobody wants to face them.

It is for this reason that insurance will allow access to extra income, until the person recovers from a whole and manages to rejoin their work activity.

As in the case of accidents, hiring is done for daily or monthly compensation. If what is presented is something adverse or radical, such as permanent disability, each insurance company has its specific policies and coverage, depending on each case.