Professional liability insurance
A mistake is easily made. But if your advice leads to damage to a client, this can have serious financial consequences. With a professional liability insurance (BAV) you protect yourself and your company against claims as a result of a professional error. This insurance is certainly indispensable if you are active in a consultancy profession. Arrange your professional liability insurance with Bouvy Advies.
What does professional liability insurance cover?
Professional liability insurance covers damage caused by professional conduct, such as incorrect advice, an incorrect calculation or incorrect information.
The insurance is mainly intended for entrepreneurs in the business services sector: think of consultants, lawyers, ICT specialists, architects, engineers and accountants. At Bouvy Advies we conclude a BAV that suits your activities and risk profile. Do you want extra certainty? Then we also offer additional cyber coverage.
With professional liability insurance, you are insured against claims for damages resulting from professional error, incorrect advice or negligence. This can protect you against high legal costs and financial damage. This prevents one mistake from endangering your entire company. Our advisors will look with you at what is really necessary in your situation.
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When is professional liability insurance mandatory?
Professional liability insurance is not legally required, but is often required by clients, industry organizations or via the collective labor agreement. Do you work in a profession in which you provide advice or design? Then a BAV is usually required. Think of professional groups that are affiliated with NVM, NBA, NOAB or BNA. In such cases, it is better to be well prepared.
What is the difference with a business liability insurance?
Although both insurances cover damage, the difference lies in the type of damage.
A business liability insurance covers property damage or injury you cause to others — such as a broken laptop at a customer's house, or someone slipping in your office.
A professional liability insurance continues: this covers the consequences of substantive errors in your work, such as an error in advice, design or calculation. Both insurances are important for good, complete coverage.
The benefits of professional liability insurance through Bouvy Advies
Why you should arrange your professional liability with Bouvy Advies
At Bouvy Advies you don't get a standard package, but advice that suits your company. We delve into your field of work, obligations and risks. You get one fixed point of contact and clarity in every step. Moreover, we are independent. As a result, we compare premiums and conditions of multiple insurers, so that you always have the most suitable coverage - now and in the future.
Personal advice
At Bouvy Advies we look at what is really needed: insurance that suits your work, without unnecessary costs or risks. As an independent advisor we ensure that you are well insured, with a solution that works for your situation. Contact us for customized advice.