Insurance for entrepreneurs
YEL is the only compulsory insurance for entrepreneurs, but without other cover a single loss or dispute can sink a small business. This guide helps you map out your risks and compare insurance sensibly.
You will need
- A list of the company's activities and assets
- An estimate of turnover
- Customer contracts
- Quotes from 2–3 insurance companies
Steps
Map out your risks
Think about the worst that could happen: a customer's property is damaged, a machine breaks down, you fall ill or you end up in a dispute. For each risk, write down its likelihood and cost.
Check what is compulsory
Get liability insurance
Protect your property
Consider accident insurance
Add legal expenses insurance
Compare and bundle
Update every year
The full guide with every step is for members. Try 7 days for €0.99.
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