What insurance do I need as a self-employed person?

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What insurance do I need as a self-employed person?

Self-employed people often ask the question, “What insurance do you need as a self employed person?” Whether you are an independent project manager or a freelance carpenter, discover that self-employed insurance policies are important. If you know what risks you run as an entrepreneur, you can take measures to prevent them. You can limit it. You can also insure the rest of your risks. When you’re just starting out as a freelancer, you have a lot of things on your mind.

We have compiled a list of self-employed insurance policies that are the most popular among entrepreneurs. It is a good idea to make sure you are adequately insured for the work that you do. For advice on the different types of self-employed insurance policies, you can contact FreshZPP’s partner network.

Health insurance self-employed person

For the time being, the compulsory insurance for the self-employed is health insurance. Everyone in the Netherlands must have health insurance. Even if you are an independent entrepreneur. In paid employment, the employer pays the employer’s tax, as an entrepreneur you pay an income-related contribution. This contribution is based upon your taxable income and the premium under the Health Insurance Act. Did you and your employer collectively have healthcare coverage? You can continue this health insurance, but not the collective. This one expires of course. You can also use other collective self-employed insurance policies to get healthcare.

Liability insurance self-employed person

A liability insurance policy (AVB), is essential. There are two types of liability you can deal with as a self-employed individual. Namely, the business and professional liability insurance zzp. Contrary to popular belief private third-party insurance does not cover damage you cause to other employees of your company. A business liability insurance zzp is therefore necessary.

Business liability insurance self-employed person

A business liability policy zzp (AVB), covers damage you cause others while doing your work. Imagine a customer who trips over your paint supplies, and ends up in plaster for months. You might deliver the washing machine and accidentally bump into a wall-hunging painting. You will be responsible financially for any injury or damage that results from this accident if you do not have business liability insurance.

Professional liability insurance self-employed person

Professional liability insurance for the self-employed is not mandatory. But more and more clients only assign assignments if the self-employed person has good professional liability insurance. In addition, a trade association may also require you to take out this insurance. There are professional groups, such as architect, accountant, or consultant, where financial damage can be caused by incorrect advice. For example, a parking garage that is damaged by an architect’s calculation error could collapse. An accountant who makes a mistake and the tax return is incorrect. In such cases, professional liability insurance is definitely recommended.

CAR insurance self-employed for the construction sector

If you carry out construction work, a CAR insurance self-employed person (Construction AllRisk) is the right choice. You insure yourself against any consequential damage of the construction work carried out. Structural work is all work that you perform on the construction of a building. Such as installing load-bearing walls, roofs, supporting and supporting beams. If you build a load bearing wall incorrectly, and a part of the building falls, the cost will be much higher than simply installing a new load bearing wall. We refer to all damage around this as consequential damage. This consequential damage can be insured with a CAR insurance policy zzp. Clients require that you have CAR insurance zzp if you are a self-employed contractor. What is the difference between CAR and AVB insurance? An AVB provides cover for general liability and damage to the client’s equipment. You need CAR insurance for consequential damage to the construction project itself and your own materials. Therefore, make sure that you take out the necessary self-employed insurance before you start working on an assignment in the construction world.

Source article comes from Fresh ZZP. FreshZZP offers the solution in zzp Insurance for all self employed.