Professional and corporate liability insurance.

Protect your business from risk with our comprehensive liability coverages
Professional and Business Liability Insurance Protect your business from risk with our comprehensive liability coverages

Liability is one of the biggest risks you face as a trustee.

You are responsible for both your own actions and those of your company. When you make a wrong decision, it can lead to legal conflicts and that you will be held liable. In such a situation, you will be glad to have a good liability insurance policy.

 

There are different forms of liability:

  • Professional and corporate liability
  • Directors and auditors liability

The possibilities

Professional and corporate liability insurance.

Professional liability covers your financial risk for damages caused to third parties, including customers and any employees.

For example, our professional liability insurance ensures that if you accidentally spill coffee on a customer's coat, the damage to the coat is covered. Similarly, if an employee trips over a loose cable in the office and breaks his leg, the cost of this personal injury is also covered.

In addition, professional liability covers the cost if someone holds you financially liable for financial damages suffered as a result of work done. This protects your company against property damage suffered by clients as a result of your professional actions.

For example, if a client demands compensation because he feels you did not act correctly, this insurance protects you against the financial consequences.

Our insurance packages meet legal requirements, cover a wide range of functions including trustee and administrator, and are adapted to the possibilities for legal representation.

Directors and auditors liability

As a trustee, you do your best to manage the finances of others to the best of your ability. Nevertheless, you can be held liable for internal or external problems.

Internal liability can arise when you seriously neglect duties, such as failing to keep records properly or disseminating misleading financial information.

External liability comes into the picture when third parties hold you personally liable. This can happen when your actions endanger the financial stability of the assets under management, for example, by entering into adverse financial commitments or making selective payments in situations of impending insolvency.

Our liability insurance for administrators provides protection against these claims against your private assets. We provide legal support and guidance, taking over court proceedings if necessary. Any damages will also be compensated. This allows you to focus on your core business of carefully managing other people's finances.

Directors' liability insurance

Why director liability insurance is indispensable

1

Not mandatory, but wise

Unlike professional and business liability insurance, this insurance is not required by the trade association. However, it is very wise to take out this insurance so that you are prepared for unexpected situations. Clients may also require you to have directors' and officers' liability insurance.

2

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 director's liability insurance, we handle the legal part and any compensation for you.

3

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 director's 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 professional and business liability insurance wise?

What are the benefits of professional and business liability insurance?

Why do I need directors' liability insurance?

Who is insured on directors' liability insurance?

What does directors' liability insurance cover?

What is the difference between professional and business liability?

Free 'properly 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:

Insurance for your business, staff and yourself.
What coverages are really needed.
Comparing your current insurance policies.
A personalized offer with customized quote.

Team Sure for Entrepreneurs

T: 010-288 44 86