What Protections Do You Need for an Online Freelance Business?
When you own and operate your own online freelance business, you need to make sure that it is correctly safeguarded. This is your company and your way of earning money for yourself and potentially your family. You need to make sure that the right protections are in place no matter what.
If you work exclusively online, you need to make sure that your customers are always legitimate. Even a meeting through Skype or Zoom is not enough to verify that someone is who they say they are. With a freelance business, you need to make sure that you are going to get paid. You have not got a larger company to fall back on with a guaranteed paycheque coming at the end of the month.
Thanks to customer identity verification software from Cognito HQ, you will be able to ensure that you are dealing with a real person. A verification check can easily be built into your transaction software on your website. This will be discrete and is great for your peace of mind.
Data management is exceedingly important in any business. As a freelancer, you might find yourself working in several locations throughout your working week. With cloud storage on your side, you will be able to access your data and documents from any device, no matter where you happen to be.
The cloud is also incredibly secure and will help you keep this precious data safe. Cloud software can be highly encrypted and difficult to breach. If a breach does occur, you will be able to access your data and quickly move it to a safer location even if you are working remotely. The benefits of the cloud are ten-fold, and as a freelancer, you need to invest in them if you are not already.
Any business needs to have insurance. For one, it will improve your reputation with clients as it confirms that you are ready to deal with anything that might be thrown your way. However, there is one policy in particular that you may want to look into: loss of income.
Freelancers do not have the advantage of sick pay. In the event that you are in an accident, or you just become very ill, you most likely will not be able to work. You still need to make sure you have some sort of money coming in, especially if you are a major breadwinner in your household. The right income protection insurance could help you recuperate some of the income lost in your downtime. Just make sure to check the clauses when you buy the insurance so you definitely know when you are and aren’t covered.
Running a freelance business can be challenging at times but it can also be very rewarding. You need to remember that being your own boss goes beyond setting your own schedule; you need to make sure that your income streams are always protected. No matter what, you need to ensure that your business is going to stay afloat for as long as possible.
Photos courtesy of gettyimages.com