Corporate Liability Insurance
Calculate the premium for a company liability insurance!
Needcompany liability insurance? It can happen to you too; something goes wrong during the execution of one of your assignments, causing damage. This can happen to yourself as well as to your employees. According to the law, you are liable at this moment and you have to pay for the damage. Not so bad if a lamp is knocked over, but not so bad if damage is caused that runs into tens of thousands of euros. So make sure you are covered for these situations with a good business liability insurance.
What is a business liability insurance?
Imagine you have just opened a shop, and a customer trips over the rug and breaks a leg. Or you have just started as a painter and accidentally drop a pot of paint on your client's laminate floor. Liability claims can be very high, especially when personal injury is involved. With a business liability insurance you are insured for liability damages to a customer. This concerns damage to others or belongings caused by you or your products. The coverage of a business liability insurance is similar to a Public Liability Insurance for Individuals (AVP), but then for your business.
What is the cost of corporate liability insurance?
The cost of business liability insurance is different for every entrepreneur. Are you a marketer and do you mainly work in an office? Then you will pay less premium than the owner of a small painting company. Your profession and the size of your company influence the cost of your business liability insurance. Then there are a number of other factors that will affect costs:
- The number of employees you have
- The industry in which you operate and the profession you exercise
- Your gross annual salary and annual turnover
- The amount you want to insure
- Any membership of a trade association or umbrella organisation
Frequently asked questions about corporate liability insurance
Company liability insurance is for small and large entrepreneurs, freelancers, sole traders. In short, for everyone with an own company. Every company can be confronted with liability damage.
With a business liability insurance you are insured for damages caused during work. If you have a painting business and you accidentally drop a pot of paint on a customer's carpet, you are insured for this.
With a business liability insurance you are not insured for professional liability. For this you need to take out professional liability insurance. Items that you have 'under supervision' are not insured. Think for example of a kitchen or bathroom that you have to install. If this is damaged when you are responsible for it, it is not covered under a business liability insurance. Always check the policy conditions to see if there are more situations in which the insurer does not provide coverage. This may differ per insurer.
Company liability insurance is often confused with professional liability insurance. Professional liability is, for example, the provision of incorrect or incomplete information, or the giving of incorrect advice. If damage occurs as a result, you are not insured for this with business liability insurance. You must take out professional indemnity insurance for this.
With a professional indemnity insurance you insure financial damage that your client suffers due to a professional misconduct for which you are liable. A professional liability insurance is especially relevant for entrepreneurs who give advice in their work, such as consultants, architects, ICT-consultants or engineers.
Can I compare business liability insurance?
At Alpina, we work with a wide range of approved insurers. So also the corporate liability insurance of these providers. So you choose the quality of a well-known insurer, but at the lowest premium. At Alpina.nl you save time and money.
With business liability insurance, you insure your liability as a business for damages to third parties. Here you can make your own choices in the exact coverage of the insurance, after all, one entrepreneur is not the other. This is why at Alpina you can easily compare business liability insurance online and immediately see the corresponding premium. So get started right away and compare your business liability insurance today.
Is corporate liability insurance mandatory?
No, business liability insurance is not compulsory. However, it can be a very useful addition to your business insurance. After all, an accident can happen at any time and it is not pleasant if you have to pay for the financial consequences of a loss yourself. Moreover, more and more suppliers or clients do not want to do business if someone is not insured. Therefore, many entrepreneurs still choose to take out liability insurance for companies.
Why take out business liability insurance?
If business liability insurance is not compulsory, why should you take one? Liability insurance is an important insurance for your company. During your work, you or one of your employees can always accidentally cause damage to the belongings of others or to others themselves. In the best case, the damage is limited and the costs are not high. However, in case of personal injury, the costs can quickly run into the (tens of) thousands of euros. In some cases, it even leads to bankruptcy. A company liability insurance offers coverage in many different situations and can be the solution.
Take out business liability insurance directly
With this indispensable insurance, you basically cover all branch risks. The damage that you, your employees or even family members and volunteers cause will be compensated with this business liability insurance. This way, you can fully focus on entrepreneurship, without having to think about the financial consequences that may be caused.
ZZP
As a self-employed person, want to take out business liability insurance? That is certainly possible. With a ZZP liability insurance you are insured if you, as an entrepreneur, cause damage to another person or if your work causes injury to another person. A professional indemnity insurance is a good way to cover yourself in case of liability damage. With a liability insurance for ZZP'ers, the costs resulting from the damage will be reimbursed by the insurer. You are also insured for damage caused by a trainee or a temporary employee who is employed by you.
Costs
The cost of business liability insurance depends on various factors. These factors are:
- The number of employees you have
- The industry in which you operate and the profession you exercise
- Your gross annual salary and annual turnover
- The amount you want to insure
- Any membership of a trade association or umbrella organisation
Sole proprietorship
Company liability is probably not the first thing you think of when starting a one-man business. Yet this is an important issue for every starting entrepreneur. Anyone can cause damage to another person, even if you work according to all safety laws and regulations. Even if you have a sole proprietorship, you can therefore take out business liability insurance. This way you are insured if, for example, you spill coffee on a client's laptop. Or if a customer trips over a loose cable in your office and breaks a leg.
ZZP
As a self-employed person, want to take out business liability insurance? That is certainly possible. With a ZZP liability insurance you are insured if you, as an entrepreneur, cause damage to another person or if your work causes injury to another person. A professional indemnity insurance is a good way to cover yourself in case of liability damage. With a liability insurance for ZZP'ers, the costs resulting from the damage will be reimbursed by the insurer. You are also insured for damage caused by a trainee or a temporary employee who is employed by you.
Costs
The cost of business liability insurance depends on various factors. These factors are:
- The number of employees you have
- The industry in which you operate and the profession you exercise
- Your gross annual salary and annual turnover
- The amount you want to insure
- Any membership of a trade association or umbrella organisation
Sole proprietorship
Company liability is probably not the first thing you think of when starting a one-man business. Yet this is an important issue for every starting entrepreneur. Anyone can cause damage to another person, even if you work according to all safety laws and regulations. Even if you have a sole proprietorship, you can therefore take out business liability insurance. This way you are insured if, for example, you spill coffee on a client's laptop. Or if a customer trips over a loose cable in your office and breaks a leg.
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Calculate the premium for a company liability insurance!
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