Why professional liability insurance?

As an independent professional, uncertainty remains a major pain point. At the beginning of the month, you are not sure whether you will get enough assignments. You are not sure whether there will be bread on the table. Even the changing legislation – which should provide extra clarity and certainty – creates uncertainty in itself.

This lack of certainty also has consequences for your client. For example, some self-employed people think that their liability is already arranged through their personal third-party liability insurance (WA), but that is not true. Private insurance does not provide any cover for damage that you have caused through your work. Unfortunately, it is therefore increasingly common for an external party to be held liable for financial loss. Fortunately, there is an answer to that.

What is business liability?

Business liability is about damage to people or property within your company. Suppose a freelancer accidentally knocks over an expensive vase in the morning. With normal third-party insurance, the hired worker would have to pay for the damage himself. If the damage is extensive, your external worker probably cannot pay for it directly. In the worst case, this will result in a long lawsuit, for which the freelancer is also not covered. Relationship damage is inevitable.

If you want to prevent this, you can advise your external worker to take out business liability insurance. This insurance covers all possible injuries and damage that he may cause during his work. The insurance only pays out if the injury or damage was caused unintentionally. The freelancer's own materials (such as tools, laptops and cars) are also not insured.

What is professional liability?

In addition to business liability insurance, there is also professional liability insurance. Professional liability means that you can sue your external worker if you suffer damage because you followed his advice. You can imagine that this type of business damage can be much higher than, for example, the damage from a broken vase.

BAV

A Professional and Business Liability Insurance (BAV) protects you and your ZP'er against both risks. Your ZP'er runs less risk of a huge debt, you know for sure that you will get your money if something goes wrong.

Do you want to send a suggestion for a BAV to your external employees right now? Then carefully choose a suitable provider. For example, you can go for the new BAV insurance from ZP Services. This insurance has the major advantage that it can be canceled monthly, where the standard providers offer a service that can be canceled annually.star_border