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Cheaper business insurance
A company, regardless of its activity, size or legal form, incurs risks and must therefore have appropriate insurance. Insurers also offer different guarantees that can be grouped into three main families. A distinction is made between business interruption insurance, which covers the company’s income in the event of a claim, civil liability insurance, which insures damage and damage caused to others, and insurance for the head of the company and its employees, which is recognized in health insurance, disability insurance, among others. For a home-based business, there is self-employed worker insurance.
- Compare offers regularly with an online comparator.
- Opt for a higher deductible to lower the premium.
- Install security measures (alarm, cameras, fire protection) to reduce the risks.
- Negotiate multi-policy discounts if you purchase multiple insurance policies with the same insurer.
- Maintain a good claims history to get better terms.
Which commercial insurance should I choose?
For companies, SME insurance and contractors, certain insurances are mandatory such as civil liability protection and ten-year liability for building professionals. That said, other types of insurance are essential without being mandatory, these protections cover bodily injury or property damage, environmental damage, etc. Ultimately, the choice of guarantees and the necessary coverage depends on the needs of the company, its field of activity and the risks incurred in carrying out this activity. It is best to discuss this with an insurance broker to define exactly the risks that could be covered by the company and those that will be borne by a business insurance company.
Business liability, business interruption and legal protection insurance
Very often, policyholders do not understand the exact coverage that a guarantee provides. Thus, in the case of operating civil liability, it insures all bodily injury, material or immaterial damage caused by the company (employees, installations, etc.) to others, whether they are employees within the company, customers or visitors.
On the other hand, business interruption insurance covers the risks associated with a drop or interruption in the company’s activity and which will affect its turnover and results. Business interruption insurance allows the company to be compensated to meet its commitments while it resumes its normal activity. Give your business a chance to resume operations and return to your previous sales or profits according to your choice of protection without burning your liquidity.
As far as legal protection is concerned, it is activated and becomes necessary in the event of administrative or legal concerns. It covers expenses incurred in the event of a dispute, expert fees, lawyers’ and bailiffs’ fees, among others. Expenses that can be very high and will weigh heavily on the company’s cash flow.
Insurance for work from home
Many people work from home and think that their home insurance is sufficient, but this is not always the case. Indeed, it is necessary to extend the home insurance policy or take out a separate company insurance policy to cover the risks related to the professional activity, particularly with regard to work materials and equipment, stock, or even loss of income.
The ten-year guarantee for companies
This type of protection mainly concerns building professionals who, in accordance with Article 1792 of the Civil Code, are responsible for the construction work they have carried out for a period of 10 years. As a result, they are liable for any damage affecting the solidity of the building, the conformity of the materials used or compliance with construction standards throughout this period. The ten-year guarantee therefore applies to architects, design offices, building contractors, technical inspectors and even project owners.
Insurance for construction contractors
Insuring your construction site or your surety requires an expert broker in the field, ask us for a free analysis of your construction renovation insurance file.
Reduce the cost of your online business insurance
Consult our certified representatives and request a free and personalized quote. A business insurance broker can even come to your business if necessary.
