Business interruption insurance

Whether you are a doctor, engineer, or tax consultant, every freelancer and self-employed professional should protect themselves against business interruption and the resulting loss of income.

Business interruption insurance is especially important for businesses tied to fixed premises. The greatest risks are fire, water, and burglary damage, as these can completely halt business operations. Increasingly, policies also cover illness and accident risks. Premiums are determined by several factors, including the age of the insured, the number of covered benefits, the insured sum, and the waiting period (the time without benefits in the event of a claim).

Another advantage of business interruption insurance is that premiums count as business expenses, unlike the entrepreneur’s daily sickness allowance insurance, whose premiums are considered personal expenses. This provides potential tax benefits.