I work part-time and/or subcontract work. Do I still need Professional Liability Insurance?

Absolutely. All professionals in public practice should have at least a basic insurance policy, especially if they provide direct advice or service to clients. Yes, working fewer hours might reduce the risk of a claim. But mistakes are inevitable. And they can happen regardless of your employment conditions. Remember, it only takes one lawsuit to bankrupt a business or leave a lasting impact on your finances. And your reputation. Plus insurance might be a requirement of your regulatory body (especially if you’re in finance or healthcare), so you might not even be able to practice without it. In some industries (like construction or consulting), insurance may be necessary for securing clients or certain vendors—no insurance, no contract.