What insurance should sole proprietorships take out?
Posted: Wed Feb 12, 2025 3:32 am
Are you planning to create a sole proprietorship ? Before even registering your structure and considering your future accounting obligations , it is essential to find out about the professional insurance required. Some are mandatory while others, although optional, are strongly recommended. What insurance is essential? What additional contracts could be beneficial? How to choose the ideal insurance? We tell you everything...Follow us!
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In summary:
The individual entrepreneur must take out certain insurance policies, which differ depending on his activity and the goods used;
Other insurances are optional but strongly recommended;
Identify your needs and compare the offers available to you to find the contract facebook data suited to your structure.
What are the compulsory insurance policies for sole traders? Compulsory insurance depending on your profession
If you are carrying out a regulated activity, one (or more) specific insurance is often required. This is particularly the case for professionals in the health, legal, construction and real estate sectors, who must all take out insurance from the start of their individual business.
Building professionals
Individual contractors working in the construction industry, including painters, carpenters and tilers, must take out professional liability insurance (RCP) to cover defense costs and compensation in the event of disputes with a client. In addition, they must also take out ten-year liability insurance, in accordance with Article L241-1 of the Insurance Code.
This contract is essential to guarantee coverage for damage affecting the solidity of the work for 10 years after its receipt. To find out more about ten-year insurance, click
here 
.
Legal professions
Lawyers, notaries, bailiffs, and other legal experts must take out professional liability insurance (RCP) . This insurance covers defense costs in the event of prosecution and provides compensation for material, immaterial, or bodily damage caused to third parties.
Health professionals
Healthcare professionals are required to have medical liability insurance . This coverage protects against damage caused to third parties.
The following are affected by this obligation:
The Liberals;
Individual entrepreneurs who carry out prevention, diagnostic and care activities;
Producers, operators and suppliers of health products.
Real estate agents
Finally, real estate agents must take out professional liability insurance. If they manage funds or real estate assets, they must also obtain financial security equivalent to or greater than the resources held.
Do you want to start a sole proprietorship or micro-enterprise?
With Indy, start your business for free! Our advisors will help you create your business step by step.
To try
In summary: The individual entrepreneur must take out certain insurance policies, which differ depending on his activity and the goods used;
Other insurances are optional but strongly recommended;
Identify your needs and compare the offers available to you to find the contract facebook data suited to your structure.
What are the compulsory insurance policies for sole traders? Compulsory insurance depending on your profession
If you are carrying out a regulated activity, one (or more) specific insurance is often required. This is particularly the case for professionals in the health, legal, construction and real estate sectors, who must all take out insurance from the start of their individual business.
Building professionalsIndividual contractors working in the construction industry, including painters, carpenters and tilers, must take out professional liability insurance (RCP) to cover defense costs and compensation in the event of disputes with a client. In addition, they must also take out ten-year liability insurance, in accordance with Article L241-1 of the Insurance Code.
This contract is essential to guarantee coverage for damage affecting the solidity of the work for 10 years after its receipt. To find out more about ten-year insurance, click
here 
. 
Legal professionsLawyers, notaries, bailiffs, and other legal experts must take out professional liability insurance (RCP) . This insurance covers defense costs in the event of prosecution and provides compensation for material, immaterial, or bodily damage caused to third parties.
Health professionalsHealthcare professionals are required to have medical liability insurance . This coverage protects against damage caused to third parties.
The following are affected by this obligation:
The Liberals;
Individual entrepreneurs who carry out prevention, diagnostic and care activities;
Producers, operators and suppliers of health products.
Real estate agentsFinally, real estate agents must take out professional liability insurance. If they manage funds or real estate assets, they must also obtain financial security equivalent to or greater than the resources held.