May 7, 2026

Could freelancers save millions on their liability insurance?

There are some two million freelancers in the UK, most find themselves out of work from time to time. Many spend £15 or more a month on their business insurance but often won't need it all year around.

Written by:

Jana Kejvalova

Reviewed by:

Steven Telfer

15 million wasted on unneeded insurance

Based on 1 month out of work in a year, that’s £15,000,000 that could be saved if freelancers could freeze their small business insurance when not needed.

This article in Business Mondays looks at how Suited insurance and in particular our professional indemnity hibernation feature helps to reduce the burden of being out of work for freelancers and small business.

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Last updated:

May 7, 2026

Written by

Jana Kejvalova

CEO of Suited, with 20 years’ experience in business insurance, focused on building flexible, digital insurance solutions for SMEs and self-employed professionals.

Reviewed by

Steven Telfer

Co-founder of Suited and insurance technology specialist, highly experienced in designing and delivering digital insurance solutions for SMEs and the self-employed.

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Note

This guide is for informational purposes only and does not constitute advice or a personal recommendation.

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