Zzp sole proprietorship

What is the cost of liability insurance for sole proprietorship?

You are just starting out as an entrepreneur with the legal form of sole proprietorship. Aeverything seems to be going well, mbut suddenly you are faced with a claim. For example, a client holds you liable for damages due to poorly delivered work. Damage claims involved can be very high.

How are such liability issues settled? And what does the liability insuranceinsurance for sole proprietorship provides? In this blog, we address this.

The best way to compare liability insurance for a sole proprietorship

First, of course, it is important to look carefully at your requirements. What risk do you want to be covered.
There are two different types of insurance for companies. The corporate liability insurance and the professional liability insurance.

Professional liability insurance

Dhese insurance policies cover property damage and are primarily aimed at professions with an advisory role. Indeed, in these professions there is a chance that wrong advice is given which leads to financial loss for the client. This insurance covers the following:

Negligence;
Professional mistakes
Legal liability;
Violation of privacy;
Defamation and slander;
Infringement of third-party rights (intellectual property rights);
Retaliation costs.
Cost of defense and prevention or mitigation of damages

Take out liability insurance? Calculate your premium!

In some industries, such as financial advisors, this insurance is mandatory. For your situation, check carefully what the situation is. This insurance canIn addition to its possible mandatory nature; reliability and professionalism. Sometimes a client expects you to have this insurance. The costs of this insurance are higher, because there is a higher risk for the insurer. As a sole proprietor, the premium starts at about at € 400 per year.

Corporate liability insurance

You can think of this insurance as a kind of WA insurance for entrepreneurs. This insurance provides for a compensation payment for schade arising in the course of professional practice ..

For example when you accidentally knock over the client's computer. Damage that occurs during your workt fallt not covered by your private liability insurance, but under that of your company.
Handy to have thus, with respect to liability. This insurance covers , among other things damage to persons or property caused by yourself in the course of your business have caused. The cost of consequential damage or possible injury is also covered by this insurance.

Insurance is not mandatory, but it is recommended. Also, a client or principal may require that an AVB be taken out, or, for example, a trade association

You limit liability and in addition There is already a corporate liabilityinsurance from € 10,- euro per month.

Take out liability insurance ZZP? Calculate your premium!

Why liability insurance for sole proprietorship?

As a business owner, you are liable for your business and staff. Claims for damages can run up enormously. To cover this risk, it is best to purchase liability insurance. Depending on which one you choose, or both , you cover your business against the risks of high claims for your own pocket. This is because with a sole proprietorship, you are ultimately personally liable if you do not have enough financial business assets.

Close your liability insurance for sole proprietorship with Alpina: simple and affordable

Do you want to take out liability insurance as a sole proprietor? Then you are at Alpina the right place. At Alpina you always get the most complete insurance at the right price. Do you have questions about taking out insurance? Then please contact contact us or request a no-obligation quote.