Micro-entrepreneur insurance
Verified 22 September 2023 - Directorate for Legal and Administrative Information (Prime Minister)
Want to make a micro-company? Depending on your activity, you may be required to take out certain insurance policies.
A micro-company may be subject to the obligation to take out certain insurance depending on its activity. One professional property and casualty insurance is an adaptable contract that allows you to choose the scope of the guarantees. All the compulsory insurance can therefore be combined in this multi-risk insurance.
Property Insurance
If own or rent one or more vehicles, you must be insured for each of these vehicles.
You must take out insurance for vehicles used in your professional activity .
This insurance covers all travel within the professional framework. It covers the driver's liability to compensate for damage caused during the use of a vehicle. It can also protect against theft, fire or ice breakage.
It must be taken out with an insurance company which is authorized to carry out insurance operations against motor vehicle accidents.
The cost insurance varies depending on the number of vehicles you own.
If you are tenant from your premises, you must take out insurance.
Insurance allows you to be covered if any of the following events occur :
- Fire
- Explosion
- Water damage
- Natural disaster
You can also plan for other risks to cover according to your needs: theft, violation, etc.
It may also cover the company's equipment, fittings and stocks.
The cost of your insurance varies depending on the size of your premises and the municipality in which they are located.
Employee insurance
If you have employees, you must take out a called insurance supplementary social protection of employees to enable them to benefit from mutual assistance.
The company must participate in height of 50% minimum the financing of the mutual society of its employees.
You negotiate the insurance contract with the insurer. You therefore have the possibility of extending the benefit of this social protection to the children and spouses of your employees.
The cost insurance varies according to the number of employees and the turnover of the business.
Business Assurance
If you exercise regulated activityYes, you are most certainly subject to compulsory insurance.
Here are some regulated professions that are affected by this insurance obligation:
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Legal professionals
You have an obligation to subscribe to a professional indemnity insurance (CPR).
This insurance allows you to cover the financial consequences of damage to third parties while carrying out your activity.
The insurance will cover the following costs:
- Defense costs in case of legal proceedings (fees of experts and lawyers)
- Compensation material damage (property damaged or destroyed), non-material damage (financial loss following delay in performance) or personal injury (injury, death.)
FYI
Remember to inquire to make sure that you are not already insured for your professional liability as part of your home insurance.
This insurance costs on average €100 per year.
Healthcare professionals
Medical liability insurance
You are affected if you are one of the following:
- Liberal healthcare professional
- Company engaged in prevention, diagnosis and/or care activities
- Health product producer, operator and supplier
You must take out insurance for protect yourself in case of damage third party in the course of your professional activity (e.g. diagnostic error or delay, choice of treatment not appropriate to the patient’s condition).
It also covers your employees when they act in the course of their duties.
The cost insurance varies according to the number of employees and turnover.
Construction professionals
Professional indemnity insurance
You have an obligation to subscribe to a professional indemnity insurance (CPR).
This insurance allows you to cover the financial consequences of damage to third parties while carrying out your activity.
The insurance will cover the following costs:
- Defense costs in case of legal proceedings (fees of experts and lawyers)
- Compensation material damage (property damaged or destroyed), non-material damage (financial loss following delay in performance) or personal injury (injury, death.)
FYI
Remember to inquire to make sure that you are not already insured for your professional liability as part of your home insurance.
The average annual cost of this insurance varies according to many criteria, including:
- Activity of the company
- Company size
- Turnover
Ten-year liability insurance
When you are the builder of a building, you are responsible for 10 years damage in relation to the solidity of the structure or to elements of equipment which cannot be dissociated from the structure. We're talking about ten-year guarantee.
In order to cover this risk, you must ensure that your liability is incurred.
This insurance costs on average €800 per year.
Real estate agents
Professional indemnity insurance
You have an obligation to subscribe to a professional indemnity insurance (CPR).
This insurance allows you to cover the financial consequences of damage to third parties while carrying out your activity.
The insurance will cover the following costs:
- Defense costs in case of legal proceedings (fees of experts and lawyers)
- Compensation material damage (property damaged or destroyed), non-material damage (financial loss following delay in performance) or personal injury (injury, death.)
FYI
Remember to inquire to make sure that you are not already insured for your professional liability as part of your home insurance.
The cost This insurance varies depending on the nature of your business and the amount of your turnover. This insurance costs on average €100.
Financial guarantee
When you hold funds, shares or real estate securities that belong to your customers (for example, a security deposit), you must purchase a financial security.
This guarantee must be of one amount equal to or greater than financial resources that you hold.
The annual cost of the guarantee is on average €850.
Even when you are not required to insure for your business or premises, it is strongly recommended to subscribe to insurance to guarantee certain risks. We've given you some examples.
Supplementary health insurance for micro-entrepreneurs
You can purchase health insurance that allows you to select repayment levels on the types of care you choose.
This could include medical care, dental and optical equipment, and hospitalization.
You will be able to benefit according to the plan you choose of the following benefits :
- Reimbursement in case of overpayment of fees
- Support for certain dental care and orthodontic treatment of your children
- Reimbursement of eyeglass lenses, whether or not complete
The cost of insurance will vary depending on your activity and options that you choose.
Micro-insurance
Microinsurance provides access to insurance contracts at reduced cost and that meet the needs of a VSE. VSEs are defined as companies employing less than 10 employees and of which annual turnover or total balance sheet is less than €2 million.
To benefit from it, you must answer certain conditions :
- Be at the beginning of the activity
- Not needing to build up large stocks
- Be followed by a company creation network with funding
It allows choose warranties, for example professional liability, supplementary health.
You can contact a insurance company who can advise you and offer you insurance adapted to your activity. You can go to an agency or register online according to the companies.
Alternatively, you can use a insurance broker who will act as an intermediary between you and the insurance companies. They can guide you in your insurance choices.
The Central Pricing Office (BCT) also plays an important role in your search for an insurer. When an insurance company refuses to insure your company for a risk that needs to be insured, you can enter the Central Pricing Office. It sets the premium at which the designated insurance company must guarantee the risk.
Who shall I contact
Central Pricing Office
By telephone
+33 (0)1 53 21 50 40
9:00 to 11:45
By E-mail
bct@agira.asso.fr
By mail
1 Jules Lefebvre Street
75009 Paris
The Central Pricing Office shall be competent only for the following insurance:
- Motor vehicle civil liability
- Construction insurance (ten-year liability/work damage),
- Insurance against natural disasters
- Medical liability insurance
- Liability insurance for tenants, co-owners and condominium syndicates.
Who can help me?
The public service accompanying companies
Do you have a project, a difficulty, a question of daily life?
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Vehicle insurance
Construction insurance
Medical liability insurance