Sign up to save your podcasts
Or
Share COVID-19 and your business insurance
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
COVID-19 and your business insurance
- With Jack
- The two common questions we've been receiving are;
- If I fall ill or have to self-isolate, will my insurance cover my loss of earnings?
- If work is cancelled due to Coronavirus, will my insurance ensure I’m not out of pocket?
- In terms of loss of income due to illness, please research income protection insurance
- Professional indemnity insurance does not cover loss of earnings from cancelled work. This product would help you to defend yourself if a client threatened you or tried to recover damages from you in relation to your professional services
- The ABI's guide on insurance and COVID-19
- Make sure you have standard terms in your contract which would allow for cancellation due to illness or sickness. That would include self-isolation / quarantine
- Having a network of fellow freelancers you can depend on if you fall ill is also a popular choice
- Make sure you have a cancellation clause in your contract that outlines payment terms
- Business interruption insurance isn't a product we offer on our website, but it would cover loss of earnings if your premises or equipment got damaged due to an insured peril such as fire or flood. The ABI has said that standard business insurance policies are designed and priced to cover standard risks and are therefore unlikely to provide cover for the effects of a global pandemic
- If you have legal expenses insurance you have access to a confidential counselling assistance helpline. If you’re feeling anxious and stressed, it might be worth giving them a call and talking to a qualified counsellor
View all episodes
By Ashley Baxter- With Jack
- The two common questions we've been receiving are;
- If I fall ill or have to self-isolate, will my insurance cover my loss of earnings?
- If work is cancelled due to Coronavirus, will my insurance ensure I’m not out of pocket?
- In terms of loss of income due to illness, please research income protection insurance
- Professional indemnity insurance does not cover loss of earnings from cancelled work. This product would help you to defend yourself if a client threatened you or tried to recover damages from you in relation to your professional services
- The ABI's guide on insurance and COVID-19
- Make sure you have standard terms in your contract which would allow for cancellation due to illness or sickness. That would include self-isolation / quarantine
- Having a network of fellow freelancers you can depend on if you fall ill is also a popular choice
- Make sure you have a cancellation clause in your contract that outlines payment terms
- Business interruption insurance isn't a product we offer on our website, but it would cover loss of earnings if your premises or equipment got damaged due to an insured peril such as fire or flood. The ABI has said that standard business insurance policies are designed and priced to cover standard risks and are therefore unlikely to provide cover for the effects of a global pandemic
- If you have legal expenses insurance you have access to a confidential counselling assistance helpline. If you’re feeling anxious and stressed, it might be worth giving them a call and talking to a qualified counsellor