Liability insurance for businesses protects you and your employees from financial consequences caused by damages inflicted on other people or their property. In the Netherlands, before a business owner starts working with a client, they often require liability insurance (AVB). Having this type of policy in place can even lead to an increase in job opportunities.

Why should you get business liability insurance?

As an entrepreneur, you can be held liable for a variety of reasons. With liability insurance, you’re covered for claims up to €2.5 million.

Here are some examples of situations where you could be held liable:

• Dropping a heavy tool that damages a wooden floor,
• Spilling paint on expensive client furniture,
• A cabinet falling during installation, damaging the countertop.

Is business liability insurance mandatory?

Liability insurance for business operations (AVB) is not mandatory, but many entrepreneurs choose to have it. Accidents can happen at any time, whether it’s your fault or that of an employee. In such situations, you are financially liable, and the consequences can be significant, potentially leading to bankruptcy.

A liability insurance policy protects you from such risks, saving you money and sparing you the worry about your company’s future. Additionally, AVB is mandatory for some contracts, deliveries, or when required by a client.

Costs of liability insurance for business operations (AVB)

The cost of your monthly premium depends on factors such as:

• Your company’s annual revenue,
• The number of employees,
• The industry in which you operate.

Want to know the exact costs? Use our free calculator below to calculate your premium in less than a minute!When purchasing AVB, we also recommend getting income loss insurance. This policy protects your finances if you experience permanent health issues that prevent you from continuing your profession. The payout can be as high as €200,000!

Grow your business in the Netherlands wisely!

Take comprehensive care of your company by choosing liability insurance and income loss insurance. Interested? Contact us at 088 1021 544 or via email at info@polisa.nl.