Protecting your freelance business this year

Whatever the nature of your freelance or agency business, it’s vital that you have ways and means of protecting your assets and yourself. Not only will this assist you financially in the future and ensure the safety of your business, it will also help to safeguard your customer base.

Protecting yourself and your business is therefore fundamental to the success of your freelance venture. Here’s our guide on a few essential steps you should take.

Securing appropriate freelance or agency business insurance

The type of insurance and the level of cover will always depend on the nature of your business. Whether you’re looking for competitive public liability insurance quotes, or professional indemnity insurance it’s vital that you not only understand the insurance requirements of your business, but that you also get the correct level of insurance protection.

Protecting your intellectual property

As a freelancer you may have a number of different types of intellectual property. These can include copyrighted material, patents, trade secrets and trademarks.

It’s important that you understand the intricacies of each one and ensure you’re covered. For example, any original documents that you produce will be automatically protected by copyright, however, when it comes to other forms of IP you’ll need to actively seek to protect them.

For example, it’s advisable to seek to register both the company name and logo as a trademark as this will protect you if any of your competitors use a similar name or logo and attempt to trade from the goodwill of your business. If this is the case, if you have the security of trademark protection you can bring a legal case against them.

Protection for your website

Your freelance business will have some kind of online presence. Even if you don’t actually sell your services online, you’ll no doubt have a website. You wouldn’t leave your business premises without any security, so it’s therefore vital that you do the same online. If you haven’t already done so, secure an appropriate web hosting package for your site as this will provide you with security against specific threats online.

Cover yourself when it comes to data

No matter the nature of your business, it’s likely that you’ll collect some kind of data from your customers. This could be anything from names and addresses to credit card details. If you collect data you need to ensure you comply with legislation, most notably the Data Protection Act.

This requires those who process data (Data Controllers) to be registered with the Information Commissioner. The annual fee is small, but the fines for not complying can be big, so make sure you are up to date with your obligations under the act.

If this year is to be one of business success, the right levels of protection are essential. 

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Written by Editor on January 16, 2013 and filed in Featured

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