As a business owner, which insurance to choose?

As a business owner, which insurance to choose?


We'll explain everything you need to know about insurance if you're a business owner. In fact, there are absolutely compulsory insurance policies that you must take out from your first day of activity if you practice in private practice. What guarantees should you take out? What are your specific needs as a business leader? What are the main risks in your business? When do you become responsible as a business executive? We explain everything to you and give you a list of the best business executive insurance.

Summary

    As a business owner, what are your compulsory insurance policies?
    What is the price of professional business manager insurance?
    Professional civil liability insurance for a company manager
    What are the best business executive insurance?

As a business owner, what are your compulsory insurance policies?
Professional Civil Liability (RCP)
Status
Mandatory for companies in: health, construction, legal professionals, tourism, architects, real estate agents
advice
Recommended for everyone to protect themselves in the event of misconduct or professional accidents (which may expose you to criminal charges)
Directors' liability insurance
Status
Optional
advice
Protects you from personal claims that may affect your own assets
Mutual health
Status
Obligatory
advice
You choose the collective health supplement contract that you offer to your employees
Car Insurance
Status
Mandatory (minimum RC)
advice
There is "fleet" insurance if you have more than 3 vehicles
Professional multi-risk
Status
Optional but highly recommended
advice
Interesting because includes various guarantees (eg local protection, material damage, loss of operation)
Foresight
Status
Optional
advice
Daily allowance insurance is particularly recommended for liberals
Decennial insurance
Status
Mandatory for construction companies
advice
Must be subscribed before the start of the work
Business premises insurance
Status
Optional legally but required by donors
advice
To protect you from fires, water damage, vandalism ...
What is the price of professional business manager insurance?
Professional Liability
Average annual price (€)
59 € / year
Pricing criteria
Turnover, claims, years of experience
Advice
The price can double if you take the PJ guarantee (which we recommend)
Company mutual
Average annual price (€)
€ 26 / month for an employee and € 35 for a TNS
Pricing criteria
According to the chosen guarantee levels
Advice
In addition to the price, pay attention to the annual reimbursement ceiling (advice: € 1,000 minimum ceiling)
Car Insurance
Average annual price (€)
45 € / month
Pricing criteria
Driver's age, vehicle model, background
Advice
Choose the "All risks" formula, although a little more expensive than the "Third Party" formula, guarantees compensation for all types of claims (weather, accident, vandalism, etc.)
Multi-risk insurance pro
Average annual price (€)
40 € / month
Pricing criteria
Surface area, geographical area, turnover
Advice
To save money, some contracts also include RC PRO
Foresight
Average annual price (€)
26 € / month
Pricing criteria
Age, selected guarantees, place of work
Advice
Give preference to "Daily Indemnities" insurance: your salary will be maintained in the event of accident or illness
Our company manager insurance comparators
COMPARE 12
CONTRACTS
RC PRO INSURANCE
COMPARE 34
CONTRACTS
MUTUAL TNS
COMPARE 7
CONTRACTS
INSURANCE
MULTI-RISK
Professional civil liability insurance for a company manager

As a business owner, you don't always have to be insured for CPR. Professional Civil Liability is only compulsory for regulated professions, namely:

    Legal professionals (lawyer, bailiff, notary, etc.),
    Health professionals (doctor, pharmacist, nurse, etc.),
    Building professionals (mason, carpenter, electrician, etc.)
    Accountants,
    General insurance agents,
    Travel agencies,
    The architects

This list is not exhaustive and you are advised to contact the consular chamber in your region to request confirmation of your professional activity.

Your responsibility is however very extensive: you must answer for your actions, but also for those committed by your employees (for example subcontractors), your employees, collaborators, etc. It may be wise to take out RCP insurance, or even manager or agent liability insurance.