Business insurance

There are many business insurance policies out there, so it's not surprising that you can occasionally lose sight of the forest for the trees. Common insurance policies for an entrepreneur include:

• Disability Insurance
• Buildings Insurance
• Business liability insurance
• Environmental damage insurance
• Accident Insurance
• Legal expenses insurance
• Business car insurance
• Inventory and property insurance

With disability insurance, you secure income in the event of disability. Your income is protected against the financial consequences of disability. With this insurance you can limit your income loss and have more financial security for your business.

Building insurance insures your business premises. It covers, for example, damage caused by fire, precipitation, steam, leakage, burglary, a falling object or a collision. The insured amount is based on the reconstruction value (repair costs) of the building.

When you or one of your employees causes damage to (belongings of) another person, that person can claim compensation. With the company liability insurance you are insured against such costs. Both property damage and personal injury are covered. Property damage is damage due to loss of or damage to property. Personal injury is damage due to injury or death.

Employee accident insurance insures you against accidents at work and during commuting. When an employee becomes permanently disabled or dies due to an accident, this insurance pays a lump sum. You take out this insurance specifically for your employees. Employees also include hired workers such as trainees and temporary workers.

With legal assistance insurance for companies, you are assured of professional legal assistance when, for example, a dispute, with a customer or the government, leads to a legal problem. You decide for which legal problems you insure yourself. By default, you are insured for legal assistance for the recovery of property or personal injury. Disputes concerning the performance of entrepreneurial activities are also covered. In addition, you can opt for an extra extensive variant and you can supplement legal assistance insurance with coverage: agricultural, traffic and collection assistance.

All car owners are required by law to insure their car from the moment the registration number is in their name. This, of course, also applies to cars used for business purposes. Third-party insurance is the most important and mandatory part of business car insurance. The abbreviation WA stands for legal liability. This coverage ensures that damages are compensated to the other party when you are liable.

Inventory and property insurance is insurance that allows you to insure your company's inventory and goods. An insurer distinguishes between a company's inventory and goods. Your inventory includes things like desks, computers and office supplies, as well as special machinery and perhaps supplies. Goods means your merchandise inventory. These are all the raw and auxiliary materials you use to make your finished product.

There is an incredibly wide range of business insurance, making it sometimes difficult to determine which insurance you really need. When choosing insurance, it is therefore important to determine which risks you want to insure. You do not have to insure all risks. Some risks you may be able to bear yourself because you have the financial room to do so. Which risks you can best insure depends on your business, your financial strength and the industry in which you operate.

You can buy all your business insurance together. We call this the SME total package. The advantage of the SME total package is that you have a single point of contact for all business insurances. In addition, the coverage of the various insurances is geared to each other. As a result, there is no overlap between the insurances. When you take out an insurance package, you benefit from package discounts, which means you spend less on your business insurance.

The only entrepreneurial insurance that is mandatory is health insurance. In fact, as an entrepreneur, you, like everyone else, are required to have health insurance. The mandatory basic package of health insurance covers standard care, such as the family doctor, hospital or pharmacy.

So while most business insurance is not mandatory, some can be a nice addition. For example, business liability insurance is a useful insurance policy because liability claims are more common than you might think. You can completely design and purchase your own business insurance. This way you can be sure that your business is properly insured.

As a self-employed person, there are several risks to consider. Not only do you probably have to deal with many different stakeholders, such as suppliers and debtors, but also an accident is in a small corner. Especially as a self-employed person, it is nice to be properly insured so that you do not encounter unpleasant financial surprises. The best type of insurance depends on your profession and personal situation. For example, you can choose disability insurance, business liability insurance or legal expenses insurance. You decide which risks you want to insure.

The cost of business insurance varies by insurance company. With our convenient online comparer you can instantly calculate the premium of different insurance policies. If you take out multiple business insurance policies simultaneously in an SME Total Package, you will also receive package discounts. The important thing is that you decide which risks you can financially bear yourself and which you prefer to insure. In this way you weigh the cost of the insurance against the financial risk you run. Especially starting entrepreneurs often have not built up a buffer to cover high costs after damage or illness. Then it is nice to be well insured, so you do not suffer large losses.

If you are just starting out as an entrepreneur, there are a lot of things you need to take care of. An important one is your insurance. As a start-up entrepreneur, you obviously want to protect your business properly. Before you start taking out insurance, you can compare different business insurance policies. You first decide which business insurance you want to take out. Then you can use our handy online comparer to compare these insurances online with different providers. In this way you will already calculate an indication of the monthly premium. Are you satisfied with the offer? Then you can take out the insurance policy or policies immediately.