Increasing liability in a changing world

As an entrepreneur you can choose to bear certain risks and losses yourselves, but liability is not one of them.

There are different forms of liability. These include commercial and general liability, professional indemnity, director’s and officer’s liability. It is important to take stock of all your liabilities and ensure coverage wherever possible.

Do you need help taking inventory of your liability risks?

Insuring your thinking and advise

Making a small mistake in your work can have major financial consequences for your clients. Think for example a lawyer who allows a certain term to expire. Or the constructor/designer that makes an incorrect strength calculation. Or the real estate agent advertising too many square meters in an advertorial for a home or office building. Or the IT employee overlooking a software error. Fortunately, you can protect your assets from liability claims and thereby ensure the continuity of your business. A Professional Indemnity Insurance provides coverage against pure financial loss as a result of a faulty advise.

More and more clients expect their suppliers to have this insurance in place and many professional organizations (including NVM, VBO, NOB and NOAB) require it as well. If you advise, broker, negotiate, draw up, calculate or design for your clients, it is wise to take inventory of all the possibilities. Because a client counts on your expertise –but they may hold you accountable as well!

Does a certain requirement apply to you or do you need help taking inventory of the risks in regard to professional liability?

Help with prevention issues

We not only help you with finding the right insurance, but with our approach, we also help you with prevention issues. This may include for example, good general terms and conditions or purchase conditions which can partially limit your liability. As our client, you can take advantage of utilising the specialists we have available in our network who have a proven track record when it comes to drawing up terms and conditions.

If you need help with a liability issue for your company,

please contact us, we are happy to help!

Jaco Menne Specialist Professional Indemnity
Call +31 6 - 29 35 12 89 Ask a question Jaco Menne  on LinkedIn