Corporate liability insurance
About insurance
Protection for your work in itinerant trade
As a business owner in the itinerant trade, you wear several hats and are often exposed to a wide range of customers, suppliers and other parties. These diverse interactions can present specific risks, such as claims for damages due to inaccurate product descriptions, miscommunications in contracts or errors in legal documentation.
It is no secret that errors and misunderstandings can occur, especially in a field as varied and complex as it is in itinerant trade. However, these can potentially lead to substantial financial claims or conflicts.
Weekly markets foundation
'The Market of Tomorrow' is an initiative of the Central Association for the Ambulant Trade (CVAH) to redesign markets where desired or necessary.
This usually comes down to corporatization of the market. For example because the municipality wants to organize it differently or because the entrepreneurs themselves want to give their market a more contemporary, more businesslike interpretation. We offer corporate liability insurance for these foundation weekly markets.
About insurance
Corporate Liability Insurance
As an itinerant business owner, you are responsible for numerous tasks surrounding the purchase and sale of products, including handling transactions, inspections and delivery. You work with various parties and this brings with it specific risks in terms of business liability. It's important to be well prepared so that if you make any mistakes, you won't have any financial surprises.
Why choose our Business Liability Insurance?
- Save an average of 15 to 20% on your current premium.
- Legal defense of wrongful charges.
- Broad insured capacity and coverage area.
- Arrangement to reduce deductible in settlements.
- Standard walk-in coverage for current policyholders.
- Coverage for errors of auxiliaries and former insureds.
- Reimbursement of expenses above the insured amount.
Why liability insurance is indispensable
Not mandatory, but wise
Unlike company liability insurance, this insurance for managers of the foundation weekly markets is not required by the CVAH trade association. However, it is very wise to take out this insurance so that you are prepared for unexpected situations. Customers may also demand that you take out driver's liability insurance.
Financial impact
If you make a mistake, it can mean a substantial loss for someone else. But also for you: if it is your fault, you run a big risk of being held liable. With directors' liability insurance, we handle the legal part and any compensation for you.
Protection
If you are held liable, this causes a lot of stress and hassle that you do not want: you want to continue your regular activities. With a directors liability insurance you protect yourself against (unjustified) charges and we assist you legally with advice and during the defense.
Good to know
Frequently asked questions about Liability Insurance.
Why is Business Liability Insurance wise?
It is mandatory for CVAH members to have business liability insurance. This insurance protects you from the financial consequences of unforeseen situations. A mistake in your work can lead to considerable (financial) damage for others, and if you are held liable, the consequences can be far-reaching. With corporate liability insurance, we will arrange the legal and any claim payments for you.
What are the benefits of Business Liability Insurance?
What is the difference between Professional and Business Liability?
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Professional Liability: This insurance provides coverage for liability arising from professional errors or omissions in the exercise of a profession. This is especially relevant for professionals such as real estate agents, who are at risk if your services do not deliver the expected quality. Or if you make mistakes that could result in harm to your client.
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Business Liability: This insurance covers damage caused by your business activities and employer's liability. This includes damage to third parties or their property and personal injury. In short, professional liability focuses on profession-specific risks, while business liability covers general damages from business activities. It is important to consider both forms of liability to fully protect your business.
Free 'Well Insured' Check?
As a member of CVAH, you can request a free, no-obligation Goed Verzekerd Check. Together we will look at your current insurance policies, their coverage and policy conditions. And of course whether you can save on your premium. For all your questions about:
Team Sure for Retail
010-288 44 42