Professional liability insurance To compare
Protect yourself against financial claims due to professional errors. One wrong advice or incorrect calculation can cost your customer thousands of euros. With a BAV you are covered for financial damage.
📋 Premium indication 2025
What is a Professional liability insurance?
A professional liability insurance (BAV) protects you against claims for financial damage that you caused due to a professional error. This is purely financial damage, not injury or property damage.
Consider: wrong advice, an incorrect calculation, a missed deadline, incomplete information or a design error. Your customer suffers financial loss as a result and holds you liable.
The BAV covers not only the damages, but also yours Legal Defense Costs. Even if you ultimately prove not liable, the attorney's fees will be reimbursed.
A BAV is required for some professions legally required. For other professions, clients or trade associations require that you have a BAV before you can start working.
For which professions is a BAV required?
Legally required or strongly recommended for consultancy and design professions.
lawyer
Legally required via NOvA
accountant
Legally required through NBA
notary
Legally required via KNB
architect
Mandatory via BNA / SR
financial advisor
Legally required Wft
Broker / Appraiser
Mandatory by industry
IT / Software
Developers, consultants
Consultant / Advisor
Management, organization
Marketing / Communications
Agencies, freelancers
Bookkeeper / Admin
Administrative offices
Engineer / Constructor
Technical advice, design
HR / Recruitment & Selection
Recruitment, coaching
What does Professional Liability Insurance cover?
Protection against financial loss due to professional errors.
Financial damage due to professional misconduct
Financial damage that your customer suffers due to an error by you or your employees. Wrong advice, incorrect calculation, missed deadline, incomplete information.
Legal Defense Costs
Lawyer's fees, court costs, legal aid costs. Even if you ultimately turn out not to be liable.
Employees also insured
Errors by employees, temporary workers, trainees and volunteers are also insured. Also hired companies.
Walk-in risk (Pre-risk)
Claims for errors made before the effective date of the insurance. Co-insured as standard (often up to 3 years ago).
Cyber liability
Damage due to a vulnerability in your software or IT system that causes customers to become victims. Often included as standard.
Reconstruction costs
Costs for reconstructing lost documents, files or information carriers due to your error.
Examples of Professional Mistakes
Situations in which you can be held liable for financial damage.
📊 Error in Annual Accounts (Accountant)
You make an error in the annual accounts that results in your client receiving too high a tax bill or an investor being misinformed.
Claim: €75,000🏗️ Design error (Architect)
Due to a calculation error in your design, construction must be halted and adjusted. The client suffers damages due to delay.
Claim: €250,000💵 Wrong Mortgage Advice (Advisor)
You recommend a mortgage that does not suit the customer's financial situation. The customer runs into payment problems and has to sell at a loss.
Claim: €120,000💻 Software error (IT Developer)
Your client's website is down for days due to a programming error. The webshop is losing sales.
Claim: €45,000⚖️ Missed Deadline (Lawyer)
You forget to file an appeal in time. This means your client loses the opportunity to win the case.
Claim: €180,000🧮 Incorrect VAT return (Bookkeeper)
Due to a calculation error in the VAT return, your customer will receive an additional assessment plus a fine from the tax authorities.
Claim: €35,000BAV vs AVB: What's the Difference?
Two different insurance policies, two different risks. You often need both.
💡 Advice: Many consulting entrepreneurs need both a BAV and an AVB. Both insurance policies complement each other.
How much does Professional Liability Insurance cost?
Indicative premiums 2025. Premium depends on profession, turnover and insured amount.
Self-employed / Freelancer
Turnover up to €100K, insured €500K
Small SME
1-10 FTE, turnover €100K-€1M
Medium sized SME
10-50 FTE, turnover €1M+
Why Choose Us?
Broad Coverage
Insured amount up to €2.5 million per claim. Including legal defense costs.
Walk-in risk standard
Mistakes from the past (up to 3 years ago) are included as standard. No extra premium.
Employees Covered
Your employees, trainees, temporary workers and hired companies are also insured.
Cyber Insured
Cyber liability is included as standard, even if there is no professional error.
Industry recognized
Coverage meets requirements of professional and industry associations. NBA, NOvA, BNA recognized.
Fast Processing
We are available to assist you with legal expertise in the event of claims. Fast and professional.
100% Independent
We advise in your interest, not that of the insurer. Objective advice guaranteed.
50+ Years of Expertise
More than 50 years of experience in commercial liability insurance. Specialist in BAV.
Frequently Asked Questions
Protect Yourself Against Professional Mistakes
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