Insurance for Business Owners: What You Need to Know

Running a business means taking risks. As a self-employed professional, it is in your best interest to take out the insurance cover you need. Some policies are mandatory. Others are not - but they are well worth considering. Discover how Liantis helps self-employed workers protect themselves against life's uncertainties.

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Mandatory Insurance

Professional Liability Insurance

A professional liability insurance policy covers you against costs arising from unintentional damage resulting from a contractual or professional error. Professional liability insurance is mandatory in most regulated sectors, including for lawyers, accountants, architects and doctors.

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Public Liability Insurance

In certain cases — in particular when you operate a hospitality business - you are legally required to take out public liability insurance. This may include: fire and explosion insurance, operating liability insurance and post-completion liability [i.e. liability after works are completed] insurance.

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Employers' Liability Insurance [Workers' Accident Insurance]

Do you employ staff? If so, you are legally required to take out workers' accident insurance to protect your employees against the consequences of a workplace accident.

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Non-Mandatory but Recommended Insurance

Some insurance policies are not compulsory, but they can save you a great deal of trouble.

Directors' Liability Insurance

A company director, manager or authorised representative carries many responsibilities. Your personal liability could be called into question, for instance, following a workplace accident involving one of your employees or a case of wrongful dismissal. A directors' liability insurance policy ensures that, in such situations, you do not have to personally bear the cost of damages claims brought against your company.

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Tanguy Bocquet
FSMA-accredited
Co-Founder & Co-CEO at YAGO

Tanguy a participé à la création de Yago en 2015, il dirige aujourd'hui les équipes produit et after sales. Tanguy est courtier agréé par la FSMA, il suit chaque année plus de 20 heures de formations agréées par la FSMA ; il est également coach et formateur de nos équipes. Enfin, il est régulièrement invité sur des podcasts et émissions télé pour vulgariser l'assurance.

Want clarity—and better coverage?
At Yago, our advisors, legal experts, and specialists support you for the long term. You have a dedicated point of contact, personalised advice, and a true partner to defend your interests. On top of that, you benefit from Belgium’s most advanced insurance platform, giving you a 360° view of your contracts and instant access to Yago whenever you need it.