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What is professional liability insurance (and do freelancers need it)?

Introduction to Professional Liability Insurance A customer writes by email that he is dissatisfied with the result. Nothing dramatic yet, just a vague “That didn’t work out the way we expected.” Your stomach is churning anyway. As a freelancer or independent consultant, such moments hit differently. There is no legal department, no HR buffer, no employer who has your back. When something goes wrong, be it real or perceived, it hits you directly. Then professional liability insurance usually comes into discussion, often later than necessary. Methodology To create this guide, we reviewed...

How to build...

Introduction to Financial Fears in Canada A recent press release from TD Bank revealed that 76% of newcomers to Canada fear making financial mistakes. While...

The hidden costs...

Introduction to the New Era of Business In recent years, there has been a significant increase in bold new business practices. The Covid-19 pandemic and...

Setting up an...

Understanding Employee Stock Option Plans (ESOPs) When founding a company from scratch, it can be challenging to compete with large salaries and company processes that...

Top 10 income...

Introduction to Income Protection Income protection is a type of insurance that provides financial support if you're unable to work due to illness or injury....

The CPP payment...

Introduction to the Canada Pension Plan The Canada Pension Plan (CPP) is a social security plan that provides replacement income to individuals when they retire...

Taxes and Insurance

Taxes and insurance are two essential aspects of personal finance that often go hand-in-hand. Understanding how they work and how they interact with each...

Top 10 car...

Introduction to Car Loans for the Self-Employed in 2025 As of July 28, 2025, the market for car loans tailored to self-employed individuals has become...

How can couples...

Property Ownership and Tax Implications Property ownership can be complex, especially when it involves spouses and potential tax implications. There are several scenarios to consider,...

How is Canada...

Understanding Taxes and Financial Advisors I'm sorry to hear that your consultant was not helpful, Louise. The financial industry made it confusing for consumers, and...