1 in 3 people are freelancing, generating $1.2 trillion in income*. That’s a lot of people, and a lot of money. The freelancing economy is so important that the IRS created a new 1099 form in 2020 just for them. With so many people working this way, the terms for this type of work have multiplied.
Here at Surround, we’ve got professional liability insurance for anyone that doesn’t require a license to perform their work (sorry, doctors). This allows people working as a freelancer or building their small business to focus on building their client list, fulfilling their contracts, and working on their own terms.
Here’s some of our favorites from interviews we conducted:
- Gig work
- Self employed
- Free agent
- Contract work
- Side hustle
- Digital nomad
- 1099 Work
One I wish they’d bring back is “moonlighting,” but maybe that’s because I’m a Cybill Shepherd fan.
What do you think—did we get them all?
If you are doing any freelancing, Surround Insurance gets you. We’ve created an insurance Starter Pack that includes professional liability insurance designed for freelancers. It’s the fastest and easiest way to get covered for your 1099 work. Professional liability insurance can cover you for claims that clients can make like negligence, misrepresentation or inaccurate advice. If a client sues you, this policy may help pay your legal expenses. Get started today.
Think Surround might be a fit for you? Get a quote!
* Ioannou, Lori. “A snapshot of the $1.2 trillion freelance economy in the U.S. in the age of Covid-19,” CNBC. https://www.cnbc.com/2020/09/15/a-snapshot-of-the-1point2-trillion-freelance-economy-in-the-us-in-2020.html Accessed 26 March 2021.