Insurance for the self-employed - which is the right one?

  • customized commercial insurance 
  • non-binding offer calculation 
  • complete and manage online
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What damages are covered?

  • personal injury, property damage and third party financial loss
  • "pure" financial losses of third parties
  • costs for legal disputes
  • inventory, warehouse and electronics damage  
  • damage caused by a cyber incident
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How much will my insurance cost me?

You can insure your self-employment with us

from 10 € / monthly

You want to know exactly what your insurance will cost? With just a few details, we can precisely calculate it for you. 
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Covered in 9 minutes!*

Step 1 – Answer a few questions about your business

Step 2 – Get a product recommendation and personalized quote

Step 3 – Purchase your coverage immediately and manage 100 % online

*Depending on elected insurance product, desired start-date of policy and our insurance partners

The most important insurances for self-employed professionals

Anyone who sets up their own business has to deal with many topics at the same time. Risks are therefore often neglected and can very easily have consequences that threaten the existence of a self-employed business - financial losses in the millions are not uncommon. So that you can fully concentrate on your self-employment in the future, we offer you the possibility to calculate your commercial insurance specifically for your self-employment. This way, you avoid unnecessary extras and can be sure that you are reliably covered at all times.

How to protect yourself and your family

At the beginning of your self-employment, you should not only keep an eye on your entrepreneurial risks, but also on your personal risks. Health insurance is mandatory in Germany and disability insurance protects you and your family from the financial consequences if you can no longer work. Talk to an expert and find out which private coverage makes sense for you.

Calculate customized commercial insurance

You think commercial insurance is too complicated a topic to solve on your own? Then simply calculate your commercial insurance online to protect yourself against risks such as claims for damages from customers, financial losses from a lawsuit or the consequences of a bad decision. We tell you which insurance makes sense for you and the amount you should cover your self-employment to be reliably protected. In addition to a quick and easy online calculation of your insurance, you can also get personal advice from one of our experts.

Individual insurance for your self-employment - the advantages:

  • best price guarantee through individually tailored commercial insurance policies

  • non-binding calculation within 9 minutes

  • reliable insurers like ARAG, Hiscox and R+V

  • fast claim notification and payment through the use of our customer portal

  • personal consultation with insurance experts possible

Why should I insure my self-employment?

Unlike in a permanent position with a company, self-employed persons must bear their own risks and any resulting financial losses. For example, a mistake in advising a customer or a legal dispute with a dissatisfied business partner can be expensive and even lead to giving up self-employment. With the right insurance, these risks can be prevented right from the start.

What insurance do self-employed people need?

Since there are many different types of self-employment and just as many industries, insurance coverage must always be calculated individually in order to choose the right insurance policy and coverage amount. Therefore, we can only give an overview of different products and show in which cases they make sense. If you want to know more, you can calculate your insurance in a few minutes online or in a conversation with an insurance expert.

Business or professional liability insurance - what's the difference?

Commercial liability insurance is probably the most important coverage for the self-employed. With many insurers, public liability insurance and professional liability insurance are often only distinguished by the name. In other cases, however, the insurances cover completely different damages. With insureQ and many other insurers, public liability insurance covers bodily injury, property damage and consequential financial loss, but not "pure financial loss", which can arise from consulting errors. These, in turn, are covered by a professional liability insurance, which is often also referred to as pecuniary loss liability insurance.

Public liability insurance is particularly recommended in direct contact with people, as accidents or property damage can quickly occur here. Professional liability insurance is particularly useful if your own activities can cause damage to the assets of third parties or for activities in the medical sector.

Both liability insurance policies have passive legal protection that defends against unjustified or excessive claims for damages. In some cases, it makes sense to take out both business and professional liability insurance. It is also important to note that an insurance policy should always be specifically tailored to ones industry and company in order to actually provide the desired protection. Using the following examples, we would like to show which damages are covered by a public or professional liability insurance.

Examples of public liability insurance in practice

1. Personal injury: a customer misses a step in your office or store, falls and injures her knee. She has to be taken to hospital and claims compensation from you. The accusation: You should have marked the step. Without insurance, you have to pay for the damage.

2. Property damage: on a business trip, you damage a partner's laptop by accidentally spilling your coffee on it. He asks you to pay for the damage, recover the data and replace the device. This can be expensive for you if you have failed to ensure that you are covered by public liability insurance.

3. Consequential financial loss: the injury from our first example means that your business partner cannot work for several weeks and thus loses a large order. He reclaims the resulting damage from you.

Examples of professional liability insurance in practice

Financial loss: In your function as a consultant, you name your client an incorrect deadline for the application for subsidies. It is no longer possible to apply for these funds later. The business partner holds you responsible for the damage and demands compensation. Professional liability insurance covers these costs for you or fends off unjustified claims (= passive legal protection) - even in court if necessary.

Alongside commercial liability insurance, business legal protection - also known as commercial legal protection - is the most important precaution against unexpected financial burdens. After all, it's easier to get into a legal dispute than you think - for example, if a disappointed business partner takes action against you. In such a case, commercial legal protection insurance provides you with a lawyer who can give you legal advice and covers all costs arising from a legal dispute. There are different components that should be included in your commercial legal protection policy, depending on the nature of your self-employment. Here are a few examples:

  • Extended criminal legal protection: Protects you legally if you are accused of intentionally breaking the law - e.g. if you apply for funds incorrectly.

  • Employment law protection: Supports you in the event of disputes in the area of employment law - e.g. if you employ a staff member who takes legal actions against their dismissal.

  • Real estate legal protection: Covers all legal disputes in connection with commercially used real estate - for example, if a landlord insists on evicting you from your office.

  • Traffic legal protection: Provides you with back-up if a legal dispute arises over a company vehicle - e.g. in the event of defects of a purchased vehicle.

Cyber insurance - for commercial Internet use

Whether with employees or as a single self-employed person, anyone who uses the Internet - even if only for sending e-mails - runs the risk of unauthorized persons gaining access to sensitive customer data or losing important information and documents. Cyber insurance not only covers the costs following an attack, but also allows data to be restored and, with the advice of IT and PR experts, ensures that damage does not occur in the first place or that consequences are mitigated.

Contents insurance - important for warehouses and offices

Storms, hailstorms, fire, tap water or a burglary can cause significant damage. If you are self-employed and work in an office or have a warehouse in use, you should make sure that your equipment, electronics and inventory are insured. If this insurance is not in place in the event of a loss, self-employed individuals will be held responsible for the damage incurred. Contents insurance covers these costs and ensures that the original condition of a warehouse or office can be restored. The benefits included are comparable to those of a household insurance policy in the private sector. Contents insurance also pays the downtime costs in the event of a business interruption due to damage caused by the aforementioned reasons.

How high are the insurance premiums for self-employed persons?

Commercial insurance coverage always depends on factors such as the specific risks, the selected coverage amount and the scope of self-employment. In this article, we can therefore only provide an overview of various products. If you want to know exactly what insurance you need to think about for your self-employment and how much it will cost, we recommend our online insurance calculation - it only takes 9 minutes. If you'd rather talk to an expert in person about your commercial insurance, you can also make an appointment for a call.

    List of contents

  • The most important insurances for self-employed professionals
  • Calculate customized commercial insurance
  • Why should I insure my self-employment?
  • What insurance do self-employed people need?
  • How high are the insurance premiums for self-employed persons?