Insurances
Unfortunately, as a freelancer, you are not protected by your client. After all, you are not an employee. It is your own responsibility to get proper insurance. The important question: what do you insure and what don't you insure? The most common insurances in a row:
Insurance 1
Disability Insurance
Disability insurance allows you to receive a periodic payment until state pension age when you become disabled due to illness or an accident. Whether this is a short-term or long-term benefit is up to you. The AOV pays out a pre-agreed amount for each day you are disabled. Together with the insurance company you look at the insurance conditions. In most cases it is agreed that you can insure a maximum of 80 percent of the (average) income. If you become partially disabled, a partial payment will also be made. You are often not eligible for benefits until you are declared at least 30 percent disabled. In addition: an insurance company actually prefers not to pay out anything at all. So applying for benefits does not always go completely smoothly.
Insurance 2
Pension
A pension, also known as retirement insurance. Entrepreneurs are entitled to their pension (AOW) after retirement, but for most people this amount is not enough to enjoy their old age carefree. The choice to build up a pension still lies with you, but the government wants to change that. The government is considering introducing a mandatory pension for entrepreneurs. For now, this is still up to you and you can choose from different ways. You can save the old-fashioned way, join a mutual fund or take out a pension policy with an insurer. With the latter option, on the retirement date the accrued capital is converted into an annuity.
Insurance 3
Business liability insurance
During a meeting with your client, you accidentally throw hot coffee over his phone. A small mistake can have big consequences. What should you do? For these kinds of risks, you need to take out Business Liability Insurance (AVB). What about your own liability insurance? Private liability insurance excludes business-related risks.
Insurance 4
Business policy for inventory and stock
You should insure your inventory and stock separately on a business policy. You insure these items against theft and damage caused by fire or water, for example. Equipment and tools that you need for your work as an entrepreneur are not always insured on your private insurance. If you have little inventory and supplies, they may be insured up to a certain amount on your private insurance. Therefore, always check with your intermediary whether or not you need to insure your business belongings.
Insurance 5
Business interruption insurance
You can insure loss of sales due to burglary, collision, fire, storm, water and environmental damage, among other things, with Business Interruption Insurance. The damage you suffer in these cases, for example because you have to close down or because your company can turn less turnover due to this unforeseen circumstance, will then be compensated.
Insurance 6
Business Legal Assistance Insurance
There may be times when a dispute arises in the delivery of your product or service. Your client is dissatisfied, refuses to pay or holds you liable for damages. Often you are then forced to hire a lawyer to seek justice. And that is not cheap. With Legal Assistance Insurance you avoid paying high costs to get your rights. The insurance company offers you help for which you have to pay a monthly premium. This varies by profession and you should also pay close attention to your own conditions.