Professional insurance for self-employed entrepreneurs

As an employer, you are obliged to take out occupational accident insurance that protects your staff in the event of accidents at work or during their commute. From a legal perspective, this insurance covers:

• Compensation for medical costs and physical injury: all medical costs arising from the accident are covered, so your employee can get the best care without having to worry about the cost.
• A replacement salary during temporary or permanent incapacity for work: if your employee is temporarily or permanently unable to work due to the accident, they’ll receive a payment to replace the loss of income.
• An annuity for your employee’s family in the event of their death: if, in the worst-case scenario, your employee dies due to the accident, their loved ones will receive a lifetime annuity to ensure they are supported financially.

Example:
Suppose one of your employees is a warehouse employee who slips and breaks their wrist while stacking goods. The occupational accident insurance will cover all medical costs for the treatment and rehabilitation. What’s more, your employee will receive a replacement salary during the period in which they’re unable to work to ensure they don’t have to worry about their finances during their recovery.
If you’d like to know more how occupational accident insurance can protect your company and your staff, make an appointment with our partner.

As a self-employed entrepreneur, you may unwittingly cause others harm while at work. Civil liability insurance covers all physical and material damage that you or your staff cause to third parties. Although this insurance is not a legal requirement, it is strongly recommended to protect yourself and your company against any financial claims.

Why is this type of insurance important?
A small mistake can have huge consequences. Suppose you damage a client’s property by accident or someone is injured as a result of your actions. If you don’t have insurance, you may be held personally liable – and that includes any potential financial consequences.






Example:
You are an electrician. During your work, a short-circuit occurs which results in fire damage on the client’s premises. Civil liability insurance covers the costs of the damage and prevents you having to pay out huge repair costs.




Want to know more about specific claims covered by civil liability insurance?

When you’re self-employed, an accident or illness may mean you’re unable to work for a short period, which could lead to a loss of income. Guaranteed Income insurance means you receive a monthly payment during this period so you can continue to meet your financial obligations.
Advantages of Guaranteed Income insurance:

• Income protection:
You receive up to 80% of your gross income during your incapacity for work.
• Flexible cover:
You choose whether you want health insurance, accident insurance, or both.
• Tax benefits:
The premium is 100% tax-deductible as a business expense.

Example:
Suppose you’re a self-employed consultant and you suffer an accident that means you can’t work for some time. With Guaranteed Income insurance, you receive a monthly payment so you can continue to pay your rent, bills and other costs without any financial stress.



Want to know more about how you can protect your income in the event of incapacity for work?