Business liability insurance (AVB)

With liability insurance (AVB), the company itself is the policyholder and thus insured for damage to persons or property of third parties. In many cases, employees are also co-insured. This means that damage they cause during their work is covered through the AVB.

Not all employees are automatically co-insured. Certain professions, such as doctors or lawyers, often require separate professional liability insurance policies. Therefore, always check the coverage and terms of your AVB to know who is insured and purchase additional insurance if necessary.

Product liability means that a manufacturer is responsible for damages caused by a broken or dangerous product it has sold. This applies if there are errors in design, manufacturing, or if the instructions for use are not clear.

Even if the manufacturer is not at fault, it may still be liable if its product causes harm to people or property.

The manufacturer can sometimes limit its liability, for example, if the damage is not due to the product itself or if the user is also responsible.

Employer liability means that an employer is responsible if an employee is harmed on the job. This can happen due to dangerous situations or if safety rules are not followed. To prevent this, an employer must provide a safe workplace. This can be done by providing protective equipment, providing clear explanations and identifying risks.

If an employee does get hurt, he or she can hold the employer liable. That's why it's smart to get proper insurance, such as business liability insurance (AVB). This will prevent financial problems and damage to your company's reputation.

Business liability insurance is for small and large entrepreneurs, sole proprietors and sole proprietors. After all, any business can face liability damages.

With business liability insurance you are insured for damages caused in the course of your work. If you own a painting business and accidentally drop a pot of paint on a customer's carpet, you are insured for that.

With business liability insurance, you are not insured for professional liability. For this you need a professional liability insurance. Items you have "under supervision" are not insured. Think for example of a kitchen or bathroom that you have to install.

Always check the policy conditions to see if there are more exclusions. This varies by insurer.

Business liability insurance is often confused with professional liability insurance. Professional liability insurance insures financial losses suffered by your client due to professional misconduct for which you are liable and is especially relevant to business owners whose work involves providing advice, such as consultants or engineers.

No, business liability insurance is not mandatory. However, it can be a very useful addition to your business insurance. After all, an accident is in a small corner and it is not nice if you have to pay for the financial consequences of a damage yourself.

Moreover, suppliers or clients increasingly do not want to do business if someone is not insured.

Liability insurance is an important insurance for your business. While at work, you or one of your employees may accidentally cause damage to the belongings of others or to others themselves.

When personal injury occurs, the costs can quickly reach tens of thousands of dollars. Business liability insurance provides coverage in many situations and can then be the solution.