Is liability insurance mandatory for a self-employed person?
Do you work as a self-employed person? Then without insurance you are not covered if you cause damage during your work. This is extra annoying when you are self-employed: you are personally liable. Unfortunately, every working person makes mistakes at work from time to time... Self-employment liability insurance is therefore recommended.
In this article, we first discuss a pressing question for many self-employed people: Is liability insurance zzp actually mandatory? Then we discuss the distinction between the company liability insurance zzp and the professional indemnity insurance zzp
Is liability insurance zzp actually mandatory?
For certain professions, you should indeed take out appropriate liability insurance as a self-employed person. Consider professions such as financial advisor, or notary public, for example.
In the vast majority of (self-employed) work fields, on the other hand, it is not compulsory to take out self-employed liability insurance. However, it is good to remember that a small mistake at work can quickly lead to a substantial claim for damages. Do you work in a high-risk sector such as construction or legal, for example? Then you can probably imagine that a small mistake can lead to huge damages....
In addition, many clients nowadays ask for the presence of liability insurance. In this way, you already have an advantage over other self-employed workers who have not taken out the insurance. And did you know that you can simply deduct the cost of your liability insurance for tax purposes? Of course, that is always nice!
Corporate liability insurance for self-employed workers
Business liability insurance is one of the variants of liability insurance zzp. You are now insured against damage you cause while working for a client. Do you damage an expensive computer by bumping into it? Then you are insured for such things. The business liability insurance reimburses material damage and also personal injury:
- Damage caused by your products
- Damage you caused to another person or their property
It is good to keep in mind that damage caused by a car, for example, is again not covered by this insurance. The same goes for damage caused to your own belongings/property.
The importance of business liability insurance zzp is often underestimated. Did you know that only 47% of the Dutch self-employed have taken out this insurance?
Professional liability insurance for self-employed workers
The other side of the "liability insurance zzp medal" is professional liability insurance. This insurance is especially important if you work in a consulting profession. Think of the legal sector, tax advice or, for example, when you work as an architect.
Professional liability insurance covers financial losses caused by your actions to another person (client). Think of giving advice that wrong, causing a client to act and ultimately suffer substantial damages as a result.
And what is covered by professional liability insurance?
- The cost of legal aid
- Cost of repairing damage
- Damage caused in the exercise of your profession
Take out your liability insurance zzp through Alpina
Do you work as a self-employed person? Do you want to take out liability insurance? At Alpina, we offer you good insurance at a fair premium. Calculate your premium and see what the costs are for you. Do you have any questions about liability insurance for self-employed persons? Do not hesitate to contact with us. Our insurance specialists will be happy to help you.
Calculate premium liability insurance ZZP
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