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?” Independent project manager or freelance carpenter? Self-employed insurance policies are essential. You can reduce the risks that you face as an entrepreneur by knowing what they are. You can limit it. You can insure the remaining risks. You have many things to think about when you’re just starting as a freelancer.

To save time, we have listed the self-employed insurance policies that are most often chosen by starting entrepreneurs. It is a good idea to make sure you are adequately insured for the work that you do. FreshZPP’s network of partners can provide advice on the various types of self-employed insurance policies.

Health insurance self-employed person

The compulsory insurance for self-employed is currently health insurance. Health insurance is compulsory for everyone living in the Netherlands. 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 make use of other collective self-employed insurance policies for healthcare.

Liability Insurance self-employed

A liability insurance (AVB) is indispensable. As a self-employed person, there are then two forms of liability that you can have to deal with. Namely, the business and professional liability insurance zzp. Contrary to popular belief, private third-party liability insurance does not reimburse for damage that you cause to others from your company. Therefore, a business liability insurance zzp must be taken.

Self-employed person Business liability insurance 

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. Or you deliver the ordered washing machine and bump into a precious painting hanging on the wall, resulting in damage. Without business liability insurance, you will be responsible for the financial consequences of this damage or injury.

Professional Liability Insurance Self-employed Person

The self-employed do not need professional liability insurance. However, clients are increasingly requiring self-employed workers to have 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. Or an accountant who makes a mistake as a result of which the tax return is not correct. Professional liability insurance is highly recommended in such cases.

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 are covered for any consequential damage to the work you have done. All work related to the construction of a building is considered structural work. This includes installing load-bearing walls and roofs, as well as supporting and supporting beams. For example, if you build a load-bearing wall incorrectly and part of the building collapses, the costs are a lot higher than just installing a new load-bearing wall. All damage resulting from this error is called consequential damage. You insure this consequential damage during construction work with a CAR insurance zzp. If you work as a self-employed person in the construction sector, clients require you to have a special CAR insurance self-employed. What is the difference between CAR and AVB insurance? An AVB provides cover for general liability and damage to the client’s equipment. CAR insurance is required for consequential damage to your construction project 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.

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