What professional insurance should you take out?
Whether you are the manager of a micro-enterprise, an or a multinational, you should take out certain professional insurance to manage your activity with complete peace of mind. The two most common business insurance policies are professional liability and business premises and property insurance.
The advantages of professional civil liability
Whether we are interested in this insurance in a professional world He Tuber or in the private sphere, the same problem is raised, namely, what is really the usefulness of this coverage? In France, it is not uncommon for individuals to be insured two or three times at the same time for civil liability. These are therefore unnecessary expenses that can largely be avoided. The objective of this article is therefore to analyze the legal framework and the solutions for obtaining such insurance.
Professionals are also concerned by this insurance in another legal framework. In fact, certain professions are required to take out this coverage, which is not the case for everyone. Generally, paramedical professions cannot practice if they do not take out insurance for the simple reason that the slightest fault can cost several million euros to repair. Professions related to security also have this legal obligation, otherwise they are not able to practice their profession.
Civil liability (CR) is used to repair damage caused to a third party. In the context of professional civil liability, the latter covers damage caused by a person (manager, employee) or by equipment (company tools for example).
Certain professions are required to take out civil liability insurance. This is the case for VTC drivers who must have a to be able to practice their profession. This insurance, even when it is not legally imposed, is strongly recommended because the financial consequences of damage can be very significant.
Whether they are self-employed or work for a company, professional liability insurance intervenes in the event of fault or negligence. For example, if a computer repairer arrives at the scene of intervention and inadvertently damages the customer's equipment during the repair, the loss for the customer can amount to several million euros if there was, for example, example very important data in the hardware. To repair this damage, you will either have to pay the sum yourself or call on the insurer who will take care of it.
Insure the company's premises and assets
Another very important element when you have a business: properly insuring your premises and property. Here too, regardless of the profession you pursue (liberal practice, craftsman or other), it is appropriate to insure the material elements of your business.
The advantage of taking out professional insurance is to have a contract adapted to your profession and more generally to your needs. As a result, some professional insurance will offer cover in the event of theft or vandalism.
Before considering taking out professional insurance, remember to check that you are not already covered. Indeed, banks are often the first to offer packages including a multitude of insurances. It would be a shame to pay several times to get the same service in the end. If you are guaranteed not to be covered, then contact either an insurer or a broker. The broker will allow you to find the best price according to your needs. It is therefore a solution that can prove very relevant, especially for professionals for whom prices vary greatly from one insurer to another.
Business insurance does not always represent a huge cost in a company's total budget, but the benefits you get from taking it out are significant. This is why ignoring it would be a mistake. However, do not hesitate to compare the different offers that may be offered to you and trust the professionals in the sector who will be able to find the insurance you need at the fairest price.
