Are you well insured as an entrepreneur? Or is that disappointing? Or have you not thought about it at all? You often find that young entrepreneurs spend little time on this. They focus entirely on entrepreneurship. As an entrepreneur, you have the choice of taking out many different insurance policies. You may have heard someone talk about a so-called business liability insurance. Also called a business liability insurance for self-employed persons  .

Not mandatory to have, but recommended. It is a kind of third-party insurance for damage that you cause during your work for clients. This mainly concerns physical damage. For example, if you give incorrect advice that causes damage, this is not covered by this policy. Whether you are a self-employed person or have a larger company with multiple employees, this is an important insurance to take out. Because you also need to be well insured with employees. Your employees can also cause damage during an assignment.

High damages

If you are at a customer’s house and you cause damage, this can be a considerable amount. Especially when a customer has a lot of large equipment, for example. Repair or replacement of such machines can be quite expensive. Of course, it depends on the sector you are in. Certain sectors simply have a higher chance of damage. Think of construction, for example. You are generally working in a place where a lot can potentially go wrong.

But accidents can happen not only on location at clients, of course this is also possible in your own office building. You should then think of personal injury. Something can happen in your building. Your company could then theoretically be held liable  if personal injury has occurred. These are a few examples, anything can happen. You take out business liability insurance to cover these kinds of things. It is therefore important that you take out such insurance for your company. More information and comparing the various providers can now simply be found via the internet.