Liability insurance for companies

Most people have a Public Liability insurance (AVP). This insurance covers damage to the belongings of another person or to the person himself that you are liable for in private situations. Liability insurance for private individuals does not cover damage caused by you as a company. For this you can take out Liability Insurance for Business (AVB).

What is liability insurance for companies?

With a Public Liability insurance for Companies you are insured for damages caused during your work. If you have a painting business and you accidentally drop a pot of paint on a customer's carpet, you are insured for that.

The coverage of a Business Liability Insurance is similar to a Private Liability Insurance, but for your business.

Take out liability insurance for companies

At Alpina, it is possible to purchase business liability insurance.

You can easily make a premium calculation online by filling in your company details. We will show you the premium. Check your details and request a quote or, if you wish, take out the insurance directly online.

What does business liability insurance cover?

The AVB covers damage caused to persons or property, provided this occurs within the insured capacity of the company and provided you are liable for it.

This insurance can be compared to the civil liability insurance for private individuals. To be clear, the insurance does not cover damage to items under your control. In other words, if you cause damage to materials or items under your control such as used materials, this is not covered. However, there is cover for damage you cause to other people's property or persons. The premium is usually very affordable and ensures carefree business.

Is liability insurance for companies obligatory?

Professional indemnity insurance is not required by law. However, nowadays it happens more and more often that a supplier or client does not want to do business with you if you are not insured. Therefore, many entrepreneurs choose to take out a Liability Insurance for Companies.

Difference AVB and BAV

Liability insurance for companies (AVB) is often confused with professional liability insurance (BAV). However, professional liability is not insured with a corporate liability insurance. Professional liability is, for example, the provision of incorrect/incomplete information or incorrect advice. For this you can take out a professional liability insurance.

With a professional indemnity insurance (BAV) you insure the financial damage suffered by your client due to a professional error for which you are liable. A professional indemnity insurance is meant for ZZP'ers and MKB'ers who, for example, give advice. These may be architects, engineers, consultants in business services and ICT specialists.

This insurance protects your company from claims if your company is held legally responsible for the damage to others caused by your company, your employees, your products or by yourself.

What added value does legal expenses insurance have in an AVB?

In addition to business liability insurance, it may be wise to take out business legal assistance insurance. As an entrepreneur, you have to deal with many different parties. If you are held liable by one or more of these parties, such as customers or suppliers, liability insurance usually covers these damages. If you do not agree with a claim and cannot resolve it with the other party, a legal assistance insurance may help. If legal assistance is necessary to solve a business conflict, you are assured of legal help and advice with a legal assistance insurance. Without legal assistance insurance you, as an entrepreneur, will have to pay for legal costs yourself.

What is not insured with business liability insurance?

As mentioned above, you are not insured for professional liability. Also things that you have 'under supervision' are not insured. This concerns things that you have to install, such as a kitchen or bathroom. The moment you are responsible for this and damage occurs, it is not covered by the AVB. Also, if you have not delivered the work to the client's satisfaction, this is not insured with an AVB.

These are the most important things that are not insured with liability insurance for companies. Want to know more? Always read the policy conditions.
In most cases, a policy excess applies to business liability insurance. This can also be found in the policy conditions.

Communicating changes is important

When you apply for insurance or if you have a claim, you have to answer questions. You must answer these questions honestly. In addition, you should do as much as possible to prevent and limit damage. Report damage as soon as possible! It is also important to inform us of any changes.