Professional liability insurance

Professional /Business Liability concerns damage that you or your employees, company, products or services cause to others. With Professional Liability, the damage is always directly related to your profession . You make a professional error that causes damage.

With Professional Liability, you are responsible for the consequences of errors in your work or the work of your employees. And business liability occurs if you or one of your employees causes damage or injury to persons, resulting in financial consequences.

With professional liability insurance (BAV) you are insured against the risk of liability. When your client or customer suffers financial damage due to a professional error on your part.

Any company that comes into contact with others can cause damage. And be liable for that. For example, if you knock over a cup of coffee over your customer's laptop. Or if your employee trips and breaks a valuable vase at a customer's home. But also if the floor in your store is slippery and someone slips and breaks a leg.

An accident can easily happen, and because the number of claims is increasing every year, it is wise to take out liability insurance for your company. So even if you have a sole proprietorship, self-employed business liability insurance is useful.

• damage caused by work by you or an employee
• damage caused by your products
• damage to an employee's belongings
• damage to equipment that you rent or borrow
• damage to buildings

• (financial) damage as a result of a professional error
• loss of documents under your control
• costs of defense in the event of unjustified claims

Professional liability insurance is particularly useful if you advise other self-employed people, or if the progress of major projects depends on your input.

Everyone makes mistakes, and because the number of claims increases every year, liability insurance for your profession is not unwise. Self-employed professional liability insurance is also useful if you have a sole proprietorship.

PROFESSIONAL LIABILITY INSURANCE IS ONLY REQUIRED BY LAW FOR CERTAIN PROFESSIONS. FOR EXAMPLE FOR FINANCIAL ADVISORS. OTHER PROFESSIONAL GROUPS THAT ARE REQUIRED BY LAW TO HAVE A BAV ARE LAWYERS, NOTARIES, ACCOUNTANTS AND ARCHITECTS.