Sorting out the admin when you start freelancing
Posted on: July 2nd, 2010
If you’re new to freelancing – or you’re thinking about taking the plunge – it can be a surprise JUST how much admin you need to sort out when you start up. Here’s a checklist so you can hit the ground running when you do embark on a freelance career.
- Business insurance - I added a home office and business travel insurance to my household contents policy as it was a less expensive route. However a specific business policy should also cover you for things such as loss of earnings if there is a flood/fire etc.
- Professional indemnity insurance - whether you need this will depend on your line of business but some public sector organisations in the UK require it.
- Personal pension – you no longer have the benefit of a corporate pension scheme, so you’ll need to start your own personal one.
