A number of insurance policies highlighted for starting entrepreneurs
If you are an entrepreneur, it is important to cover yourself against entrepreneurial risks. Nowadays it is possible to insure yourself against everything and there are all kinds of insurance policies available for your company and for you. A number of important insurance policies are highlighted that may be of benefit to you if you are an entrepreneur. In addition to the hard work as an entrepreneur, it is sometimes time to relax. Place an online gamble at the many legal Dutch online casinos.
Business liability insurance
Have you just opened a very nice store, but one of your customers trips over the carpet? Or are you a consultant and a cup of coffee spills on a laptop during a presentation and this laptop is not yours? With business liability insurance, you are insured against other people's belongings at work. A VVB insurance also covers personal injury.
Cyber insurance
If you arrange cyber insurance, you insure yourself against costs as a victim of cybercrime. This includes ransomware, hacks and viruses. Most of these types of insurance cover more than just damage to the company. You are also often insured against damage to third parties. This may be the case if your business partner or customer suffers damage as a result of your cyber incident. And also the costs of legal assistance.
Inventory, goods and building insurance
Do you rent a retail space, business premises or office space? Or do you own a property? It is possible that damage may be caused by burglary or fire. And this means you could lose your stock, for example. You can insure a building with a buildings insurance policy. And you can insure an inventory with an inventory insurance policy. You are then insured for items such as electronics, computers, machines and tools. For example, if you suffer damage due to theft, water, storm or fire. If you have trading stock, you arrange goods insurance. Some insurers in the Netherlands have goods and inventory insurance as a product. Do
Legal expenses insurance
As an entrepreneur, you may be faced with a legal conflict. For example, one of your customers may refuse to pay. Or you may get into an argument with the landlord of your property. With business legal expenses insurance, you receive professional legal support. This insurance covers costs such as lawyer's fees, litigation and court costs and legal advice. This often concerns unpaid invoices, so make sure that the insurance offers debt collection assistance.
Should you take out insurance as an entrepreneur or not?
It is important that you make a good assessment of the risks as an entrepreneur. Consider which insurances you actually need. Trade organizations, insurance companies and banks often have a kind of business packages where you can find most of the important insurances. It is wise to compare the coverage and premiums of the insurance policies and, if necessary, seek advice from an experienced advisor. Check the website of the Chamber of Commerce and do the Chamber of Commerce Insurance Check to see exactly which insurances you need as an entrepreneur. After answering a few questions, you will receive advice on which insurances you can take out.
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