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With a business liability insurance you are insured against the risk of liability if you, your employees, or your products cause damage to others. You may then be liable. And you may have to pay the costs for damage to material belongings, or injuries that someone incurs through your fault. Business liability insurance
(Bedrijfsaansprakelijkheidsverzekering or AVB in Dutch) is a type of insurance that protects your business against damage caused by your work, products, and in other situations. Any business that comes into contact with others can cause damage and be liable for it. The value of this liability can be a small sum, but it can also be substantial, putting your business at risk. For example, if you knock over a cup of coffee, damaging your customer’s laptop. Or if your
employee stumbles and breaks a valuable vase at a customer's house. But also if the floor in your shop is slippery and someone falls and breaks a leg. An accident can easily happen, and because the number of liability claims increases every year, it is sensible to take out business liability insurance. More than 90% of businesses in the Netherlands do this, including freelancers and SMEs. Business liability insurance is not generally mandatory. However, there are situations in which you do need to take out business liability insurance. A client or supplier can ask for it. Or your trade or industry association can demand it. A typical
bedrijfsaansprakelijkheidsverzekering policy in the Netherlands can include but is not limited to: The following situations are not covered: Contact KVK: Service and contact Chamber of Commerce or ask other entrepreneurs for advice on Higherlevel.nl FAQPartnersContactAbout usDisclaimerPrivacy and cookiesAccessibilityOndernemersplein (Dutch)Business.gov.nl is an initiative of: European Commission Point of Single ContactBusiness.gov.nl is the Dutch Point of Single Contact for entrepreneurs. General liability insurance is the most common type of insurance for small businesses and the self-employed because it can protect you from accidents that can happen at almost every business:
We’ll cover each category in more detail on this page. Accidents that cause physical harm to someoneAccidents are not 100% unavoidable, and unfortunately, some accidents cause physical harm to people who come into contact with you, your employees, and your business. For example, you put your toolbox down on the sidewalk for a few moments while you’re loading your van in the morning. A jogger doesn’t see it, trips, and breaks an arm. In this case, you could be sued for medical costs, and if you don’t have general liability insurance, you would need to pay out of pocket to cover any related expenses. Lawsuits related to an injury generally fall under three categories that are covered by general liability insurance: Injuries General liability insurance can help pay for an injured person’s medical expenses up to your policy limit, excluding employees and yourself. The amount and extent of coverage is determined on a case-by-case basis depending on the policy you purchase. Loss of income If you are ruled responsible for an injury and the injured person is forced to miss work, your insurance would cover their loss of income. Pain and suffering In some cases, your policy can also cover claims related to pain and suffering, which refers to the physical or mental strain that can occur as a result of the accident. Damage to someone’s propertyYour general liability insurance policy covers you for damage that you cause to someone’s property. The best general liability insurance for small business includes both significant and less serious accidents. Here are some examples: Landscaping You didn’t see a small rock during your pre-inspection of a lawn you are mowing. When your mower goes over it, the rock goes airborne and shatters a large plate-glass window. The client insists that you pay for the replacement cost. Construction You park your van in an office parking lot for a renovation construction project. As you’re taking out your tools, you slip and scratch the CEO’s shiny red Porsche. You have to pay for the cost of getting the entire car repainted at a certified dealer. Beautician Your beautician assistant is giving a client a manicure and drops the bottle of nail polish. It smashes on the floor, splashing scarlet nail polish all over the client’s expensive Gucci handbag. The client wants you to pay for a replacement bag. Copyright infringement, libel and slanderPersonal and advertising injury claims usually occur when you’re accused of invading someone’s privacy, copyright or advertising infringement, and defamation of character. Learn more about each category with these examples: Breach of Privacy After renovating a client’s old bathroom, you take some pictures and use them on your website as an example of your work. Your client sees the photos and gets very upset. They sue you for breaching their privacy by using photos of their home without permission. Copyright Infringement Your flyers about your personal trainer business refer to you as “The Rock.” The celebrity Dwayne “The Rock” Johnson sees them and his management team sues you for copyright infringement because you used his signature nickname. Defamation of Character Your new marketing campaign name checks your biggest competitor and claims that he offers substandard services that don’t follow local regulations. The business owner sues you for defamation of character because he claims your campaign is untrue. What is not covered by General Liability?Your general business liability policy covers many different situations, but it doesn’t cover everything. You might need to buy other types of small business insurance, depending on your business. Tools & equipmentIf you are a contractor or own a cleaning business, you can add tools & equipment coverage to protect your gear if it is damaged or stolen. Professional mistakesGeneral liability insurance does not cover professional mistakes. For that, you’ll need professional liability insurance, also known as errors and omissions insurance. It can cover associated costs when a client claims you gave bad advice, made a mistake, or missed a deadline and caused financial harm. Workplace injuriesIn most states, if you have employees, you are legally required to have workers’ compensation insurance. A workers’ comp policy will cover medical bills for work-related injuries or illnesses, lost wages, and important liability protections for your business. Auto accidents and damageMost personal auto insurance policies won’t cover you for injuries or damages if you are driving for business purposes. You are required by law in most states to have commercial auto insurance if you or your employees use a business-owned vehicle. Does General Liability insurance include Product Liability insurance?At NEXT, product liability insurance is part of your general liability insurance. If you already have a general liability insurance policy with NEXT, product liability insurance is included to help cover injuries and damages caused by your products. If you don’t already have a general liability insurance policy, you will need to buy one to get product liability coverage. You cannot buy product liability on its own. How NEXT can help you with General Liability insuranceWe offer an easy way for small business owners and self-employed professionals to get business insurance online. In just a few minutes, you can get a quote, purchase coverage and share your certificate of insurance. Our team of licensed, U.S.-based advisors is here to help if you have any questions. Start an instant quote today. More about General Liability insurance:General Liability insurance General liability insurance cost BOP insurance General Liability insurance in California General Liability insurance in Florida General Liability insurance in Texas Compare General Liability insurance:General Liability insurance vs Professional Liability General Liability insurance vs Business Owner’s Policy General Liability insurance vs Workers’ Compensation Liability insurance vs Commercial Property insurance Compare other business insurance policies |
What does general liability insurance cover for a business
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