Stranded due to the COVID-19 Crisis? How Freelancers can Protect Themselves Better
Unforeseen circumstances and crises like the COVID-19 pandemic normally have such a huge impact on the workforce system. However, as much as many people in all kinds of employment have been affected, freelancers have found themselves suffering the biggest blow.
Incomes have plummeted, exposing the weaknesses of freedom and flexibility.Unlike employees, freelancers are not entitled to redundancy money. For all the freedom and flexibility that self-employment offers, it has now turned out to be insecure, illuminating the stark differences between the employed and freelancers.
Build a Network of professional Support
This is an important part of a business preparedness plan.Every freelancer should identify a go-to industry peer that they can bring in for support if an unforeseen circumstance arises. After doing this, ensure that clients and customers are aware of the possibility for backup help by outlining it in their contract.
Pay Close Attention to Contract Phrasing
Don't fall victim to a shoddy contract; stay vigilant, read and re-read the document, and keep an eye out for the dirty tricks. In some cases, contracts will incorporate terms like "notwithstanding" in order to offer a way out of previously stated requirements. Keep an eye out for a contract that contradicts a party's previously stated obligations by using this terminology.
Pay close attention to Cancellation policies in contracts
Unlike the traditional workforce, the self-employed don’t have a human resources department to call on when they don’t get paid. To combat the financial loss that may be incurred when clients cancel, make sure you have a planned a safe way out.
Have a crisis communication plan
By setting clear expectations with current and prospective clients that acknowledge and address the issues at hand, client and customer relationships can be maintained in the face of uncertainty.