Business liability insurance for independent professionals: essential or mandatory?

As an independent professional, you always run the risk of causing damage to a client. Business liability insurance protects you from the financial consequences of this. Therefore, this insurance is indispensable for every independent professional. But is such insurance mandatory? And what exactly does it cover? We explain that and more in this article.

What is business liability insurance?

Business liability insurance (or AVB) protects you if you accidentally cause damage to a person or someone else's belongings. This could be if you accidentally damage, dirty or lose someone else's belongings. Or consider situations where someone is injured, their health is affected or they even die. The costs can be high and then you're glad you have insurance.

Why is an AVB important for independet professionals?

As an independent professional, you are fully responsible for your own risks. You don't have an employer to absorb the damage. Even if you work super carefully, something can happen that is beyond your control.

In industries such as construction, healthcare or engineering, the chance of damage or injury is somewhat higher. But even if you work in an office environment or provide consulting services, a small misstep can have major financial consequences. With an AVB, you cover these types of unexpected risks and prevent one incident from putting your business at risk.

Is business liability insurance mandatory?

No, for zzp'ers, an AVB is not required by law. But beware: some clients do require it before you can work for them. Especially in sectors where the risk of damage is higher. In addition: compulsory or not, it is certainly wise. One claim can cost thousands of euros. An AVB ensures that you can work with peace of mind, without fear of financial setbacks.

What is and isn't insured with an AVB?

Good to know: an AVB covers damage you (unintentionally) cause to others or their belongings. Think of:

• Material damage (such as damaged or lost property belonging to your client).
• Personal injury (such as an accident that injures someone).

What is not covered?

• Damage to your own belongings.
• Damage that you cause intentionally.
• Financial damage without there being material damage or injury (you may need professional liability insurance for that).

The exact coverage may vary from one insurer to another. So always check the policy conditions carefully so you know exactly where you stand.

Doing business with certainty

At Striive, we believe that you as a self-employed person should be able to do business without worries. Therefore, through our platform you can not only find challenging assignments, but also make use of our Striive Professionals Services. With these services you can tick off in one go all the practical matters that you would like to have taken care of. Appropriate and flexible for your assignment. Just like you.

Want to know more about how you, as a zzp'er, can be properly insured on your way? Feel free to contact us or check out our services.