Insurance for small businesses

In short: Private liability insurance does not cover business-related damage. For a small business, business liability insurance is worthwhile, and depending on the activity also legal protection and contents insurance.

In more detail: A business brings liability risks: a customer may be injured by a faulty product, a parcel gets broken, a copyright infringement is warned about. Business liability insurance pays justified claims and fends off unjustified ones.

In detail

• Business liability: personal injury, property damage, financial loss; for small businesses from about 100 euros a year.
• Legal protection: for disputes with customers and platforms.
• Product liability: important when selling self-made products.
• Cyber insurance: for online shops with customer data.
• Contents insurance: for goods and equipment against theft, fire, water.
• Note: for minors the parents conclude the contract, check the contract carefully.

See also: Limited liability of minors (§ 1629a BGB), Legal forms for founders: sole proprietorship, GbR, UG, GmbH