YunoJuno – Buy Cheap Professional Indemnity Insurance 2023

If you get freelance contracts through the YunoJuno platform you now need Professional Indemnity Insurance. As per YunoJuno’s latest freelancer terms, all freelancers must have insurance before accepting a booking on the platform. Therefore, like me, you may now be looking for cheap professional indemnity insurance.

TABLE OF CONTENTS

What is professional indemnity insurance?
What is public liability insurance?
Buy cheap professional indemnity insurance
Tips to Protect Yourself as a Freelancer
Further Reading for Freelance workers

The most common insurances held by freelancers are professional indemnity, public liability and employers’ liability. In this post I explain what professional indemnity and public liability insurance are and how you can get cheap professional indemnity cover.

young woman surfing internet YunoJuno - Cheap Professional Indemnity Insurance

Cheap professional indemnity can help cover you when things go wrong

What is professional indemnity insurance?

Professional indemnity insurance (otherwise known as professional liability insurance) is designed to protect you against claims for negligence copyright infringement, personal injury, and more. It also provides cover for loss of documents, loss of data, breaches of intellectual property, defamation and libel.

If you do make a mistake for which you are responsible or are deemed to have been negligent, then professional indemnity insurance will cover compensation that you have to pay as a result, as well as the legal fees you incur in the process. That’s why a cheap professional indemnity cover is a requirement to accept work through YunoJuno.

You are likely to need professional indemnity insurance if:

You provide advice or professional services to your clients (e.g. consulting)
You provide designs to your clients (e.g. as an architect)
You want to protect against allegations of mistakes or negligence
You work as a contractor, consultant, freelancer or self-employed professional, and your client has requested you arrange professional indemnity insurance in order to undertake a contract
Your industry association/regulatory body requires you to have it

What is public liability insurance?

Public liability insurance provides cover if someone is injured or property is damaged as a result of your actions at work. It also covers legal fees that may arise as a consequence of any claims you have to defend.

You’re not legally required to have public liability insurance, however, you might want to consider it if:

Customers visit your premises (e.g. you have a hairdressing or beauty salon)
You work on client sites (e.g. you’re a tradesman carrying out work in people’s homes)
You work in public, for example you’re a builder, and your work could potentially cause injury or damage to someone passing by

Buy cheap professional indemnity insurance

I sometimes accept work through the YunoJuno platform and therefore had to recently look for professional indemnity insurance. I looked through all the comparison websites and the best insurance I found was Dinghy.

Dinghy is a world first insurance provider of on-demand business insurance for self-employed professionals and freelancers. They offer fair & flexible insurance for freelancers – allowing you to pause your insurance when you don’t need it. Once you sign up for Dinghy’s cheap professional indemnity insurance you’ll also receive you own page displaying your cover (adding to your credibility).

My cover cost just £9 a month and I’ve earned £500 in jobs through YunoJuno and £100+ from the referral scheme – making it well worthwhile.

Dinghy has stopped accepting new sign ups… I’ll update this post as soon as I find a new insurer.

Tips to Protect Yourself as a Freelancer

In many ways freelancers need to take more steps to protect themselves legally. Here are some of the steps you, as a freelancer, can take to protect yourself legally.

Always have a contract – a well-written contract before beginning a freelance project provides both legal and financial security. A contract, when drafted correctly, is legally binding on both parties and will spell out the terms for the work. If a client refuses to pay you, a contract is your best friend when it comes to getting paid.
Check your employment contract – most freelancers start out by doing freelance on the side of employment. This can be a great way to test the waters, but it could have negative legal implications.Check your employment contract for any provisions that prohibit moonlighting or non-compete clauses.
Know your rights – If your work is specifically ordered by a client it might be considered “work made for hire” and the copyright ownership is transferred to the client. Be sure to read every contract thoroughly and pay attention to the terms regarding your rights to the work product created during each project.