Professional liability insurance is often an obligation for companies and is strongly recommended, especially if your company has activities that present important risks (health care, construction…). Choosing among the different offers is much more difficult than it seems. It is a question of finding an offer which corresponds to the needs of the company whatever its size (from the independent/self-employed contractor, through the SME to the large groups).
For ten years, “ the number of accidents and their frequency index have not been decreasing, except in 2020 when the number of work-related accidents decreased by 17.7%” due to the confinements, according to the Secretary of State and the non-presence of employees within the company and the reduction in the number of trips. To avoid thinking that this only happens to other people, you should know that there were still 539,833 work accidents that year, which is a far from anecdotal figure.
As with any insurance, you must consider that you need to balance the guarantees you offer or the protection you wish to benefit from with the amounts you wish to pay. A deep reflection is necessary before taking out an insurance policy.
What is the purpose of this professional liability insurance ?
The RC Pro covers damages caused to a third party in the course of its activity, both in terms of safety and in terms of harming a customer. The indemnities and defense costs, due in case of an accident caused by your company, can jeopardize your company and quickly lead it to bankruptcy, especially if your cash flow is not solid enough when the event occurs. In the case of a self-employed entrepreneur, for example, you are particularly exposed to this risk since you are the one responsible for the damages. It is very important to know that the compensation to be paid to a victim is covered by the PII. Of course, the level depends on the choice made by the contractor.
Online insurance, a new way to get insurance
The interest of choosing a 100% online insurance remains in the saving of time and responsiveness. To identify if you are on a reliable site, know that it will generally present you with a menu that will answer all your questions in a few clicks. Most of the time, it proposes to discuss with an advisor through an appointment in a very short time. This service must continue afterwards, because in case of a claim, for example, the immediacy of the answer becomes an imperative. Some insurances propose you to meet an expert to allow you to identify your real needs. This is a plus which can allow you to be protected and to protect your employees.
If you don’t have the time or don’t want to exchange with an advisor, it is still necessary to spend a minimum of time. The 100% online should allow you to check with your head that all the guarantees are present or that you need to invest in an additional option to work serenely. A good online site allows you to check in a few clicks the details of an offer (cost, precision of guarantees…). It should leave nothing to chance. Some insurers specialized in professionals exist such as Assurup.
A delicate choice to make
When you make your choice, keeping in mind that insurance is to protect yourself from the hazards of professional life but that they have an influence on personal life. It remains essential to find an insurance that offers the necessary guarantees to protect third parties. It will be necessary to carefully read the options offered so as not to have taken out an insurance policy that does not really protect you from certain unforeseen events, especially those that have a high probability of happening.
You must therefore visualize the situations at risk and look carefully to see if the guarantees are present. The media reports daily on many disasters and we may think that others have no chance but it can happen to you: fires, floods, burglaries, work accidents, commuting accidents….
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