Professional liability insurance self-employed
As a self-employed person, you can be held liable for financial damage due to a professional error. Professional liability insurance (BAV) covers pure financial loss: financial loss due to incorrect advice, incorrect calculations or missed deadlines.
💰 Premium indication 2025
Professional Liability Insurance Explained
What is Pure Asset Damage?
The BAV covers pure financial damage: financial damage caused by professional errors, wrong advice, negligence or wrong calculations. It's purely a financial loss, without property damage or injury.
Examples: A customer suffers a loss of €50,000 due to your incorrect investment advice. You miss a deadline, causing your customer to lose a contract. Your software contains a bug that is causing loss of sales.
Why is BAV Important?
Professional liability claims can amount to hundreds of thousands of euros. Without a BAV, you will be responsible for the costs and legal defense yourself. This can put your business at risk.
NB: An AVB (company liability) covers no financial damage! You need a BAV for financial damage due to professional errors. Many clients and trade associations require an EGM.
Examples of Covered Professional Mistakes
The BAV covers financial loss due to these types of professional errors.
wrong advice
Financial, legal or strategic advice that turns out to be incorrect
Wrong Calculation
Calculation error in design, quotation or financial planning
Deadline Missed
Delivering late causing customer damage
Software Bug
Error in code that causes loss of turnover or outage
Design error
Error in design that does not meet specifications
negligence
Forgetting something or not doing something you should have done
Data breach
Careless handling of sensitive data
Breach of contract
Failure to fulfill agreed obligations
For which professions is BAV important?
⚖️ Legally Required
These professions have a BAV obligation by law or through professional organizations.
💼 Highly Recommended
Clients (government, corporates) often require an EGM.
What does your BAV Insurance cover?
Property damage
Financial damage to third parties due to your professional errors.
Legal costs
Lawyer and legal costs in the event of liability.
Walk-in risk (3 years)
Professional errors before the effective date, only discovered later.
Exit risk
Claims after termination of the policy arise during the term.
Personnel & Hiring
Mistakes by employees, interns, temporary workers.
Reconstruction costs
Recovery of lost documents and data.
Covered and Not Covered
✓ Well Covered (BAV)
- ✓ Pure financial damage due to professional errors
- ✓ Financial loss due to incorrect advice
- ✓ Damage due to incorrect calculations/designs
- ✓ Damage due to missed deadlines
- ✓ Damage due to negligence
- ✓ Legal defense costs
- ✓ Walk-in risk (up to 3 years ago)
- ✓ Personnel/hiring errors
- ✓ Reconstruction of documents/data
- ✓ Damage limitation costs
✗ Not Covered (BAV)
- ✗ Material damage (= AVB)
- ✗ Personal injury (= AVB)
- ✗ Intention or gross negligence
- ✗ Fines, sanctions, penalty payments
- ✗ Warranty claims / free repair
- ✗ Known shutdown errors
- ✗ Price loss investments (market risk)
- ✗ Damage due to war/terrorism
- ✗ Damage to own belongings
- ✗ Environmental damage
Choose Your Sum Insured
€250,000 coverage
- ✓ Property damage
- ✓ €250,000 per claim
- ✓ €500,000 per year
- ✓ Legal costs
- ✓ 3 years run-in risk
€500,000 coverage
- ✓ Property damage
- ✓ €500,000 per claim
- ✓ €1,000,000 per year
- ✓ Legal costs
- ✓ 3 years run-in risk
€2,500,000 coverage
- ✓ Property damage
- ✓ €2,500,000 per claim
- ✓ €5,000,000 per year
- ✓ Legal costs
- ✓ 3 years run-in risk
Why Choose Us?
BAV Specialist
Extensive experience with professional liability for all industries and professions.
Compare Insurers
We compare Hiscox, AIG, Chubb, Markel and other specialists.
Competitive Premiums
Collective discount through trade associations. Premium tax deductible.
Direct Certificate
Receive your insurance certificate for clients immediately.
Online Closing
Calculate your BAV online within 5 minutes and conclude immediately.
Cancel daily
Flexible: can be canceled daily after 1 year with a 30-day notice period.
100% Independent
Independent advice: we do not work for one insurer.
50+ Years of Expertise
More than 50 years of experience in business insurance for self-employed people.
Frequently Asked Questions
Protect yourself against professional mistakes
Calculate your BAV premium within 2 minutes and receive your certificate immediately!
