Business insurance - what do you need and what can you possibly leave out?

Introduction

Insurance is an important safety net for entrepreneurs, but you don't necessarily need everything at the start. Many people wonder which insurances are compulsory and which are only recommended.

Compulsory insurance

1. YEL insurance (Self-employed persons' pension insurance)
- Statutory, if earned income exceeds the limit. Also affects social security.

2. Insurance for employees (TyEL, accident, unemployment and group life insurance)
- Mandatory if you hire employees.

Recommended insurances

• Accident and sickness insurance → security for the entrepreneur himself.
• Business liability insurance → compensate for damage that the company's activities may cause to others.
• Legal expenses insurance → cover the costs of litigation.
• Interruption insurance → help if your business is interrupted, for example due to illness or accident.

What can perhaps be left out?

You don't have to take out all the insurance right from the start. For example, extensive additional insurance may be unnecessary for a small business that is just getting a foothold in the market. It is important to assess the risks realistically and only take out the insurance you really need.

Summary

The right insurance will protect the entrepreneur and the business, but it is not worth committing to extra costs. By managing insurance and accounting under one roof, you save time and effort.

We can also help you with insurance - We offer convenient arrangements for both compulsory and voluntary insurance. This means you get everything from one place and you can be sure that nothing is left unattended.

Contact us to make sure your business is covered with the right insurance and your finances are under control!