For a start-up, an SME, a self-employed person, or a self-employed person, professional insurance provides cover in the event of a bodily or material accident. It also protects against increasingly widespread cyber risks. What activities does business insurance cover? What are its different forms? In which cases is it compulsory? We enlighten you.
Whether you are a self-employed person, a micro-enterprise, an SME … No one is immune to an accident, whatever their field of activity. Of course, we imagine ourselves to be less at risk when we practice as a self-employed person, sitting behind our desk than in a personal service profession, at the home of an individual, but the risk is always present. Even a start-up can run into a problem in its premises, and that is why a assurance startup is recommended.
A 100% online solution like Assurup, subscribed in three minutes, provides more than 500 activities. It allows you to manage your contracts from its management space where they are centralized, download certificates, report claims … And many other services in just a few clicks! Several formulas are available, depending on the activity you exercise.
What professional insurance covers for companies
Damage caused to a third party
Damage caused to a third party is covered by Professional Liability (also called RC Pro or RCP). They can be physical or material, and they take place in the daily life of the company, or when the service is performed outside.
For example, it could be a breach of contract, loss of property or data, etc.
Cyber risk insurance against hackers and viruses
This is more of a topical issue than ever, at the start of 2021, where hacking is on the increase in the context of the current crisis, even affecting hospitals. Viruses and hacks affect companies of all sizes, as much as individuals. Computer malevolence knows no borders, and cyber risks can have a lasting impact on a company’s activity, also in terms of its image.
Professional multi-risk insurance for an office or premises
Even more comprehensive than professional civil liability, Professional Multirisk (or MRP) insurance protects a company at all stages of its activity. It generally includes an extended Professional Civil Liability (RC Pro), legal protection and also the insurance of vehicles, premises and their contents. It is useful in case of water damage, broken window, fire, vandalism…. It may include guarantees specific to the card. As a tenant, a contractor is responsible for damage caused to his premises.
Liability insurance for executives and corporate officers (RCMS)
Liability insurance for directors and officers (RCMS) is often compulsory in certain cases. For example in the event of fundraising, for shareholders ‘or partners’ agreements.
Professional insurance: for whom is it compulsory?
Professional insurance is compulsory for certain regulated professions (medical professions, security companies, legal and consulting professionals, travel agencies, real estate agents, etc.). The building craftsmen are obliged to take out a ten-year RC.
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