Freelancer Insurance - Canada
Freelancer Insurance - Canada
Recent highlights:
1. Professional Liability Insurance: Also known as Errors and Omissions (E&O) Insurance, this coverage protects against claims alleging negligence, misconduct, or failure to deliver a service as promised.
2. Product Liability Insurance: If you sell, manufacture, or distribute items, product liability insurance is critical to have.
3. Generally speaking, insurance for freelancers starts from $350 to $500 per year for a professional liability insurance policy with a $1M limit.
4. Outcome: Your product liability insurance could cover the legal and medical fees of the claim, totalling $10,000
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