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With employees you are liable for their mistakes at customers' premises, so business liability comes first. Then contents and business interruption, because a fire costs months of revenue. Statutory accident insurance through the trade association (Berufsgenossenschaft) is compulsory and not arranged by brokers.
In Germany a business is liable without any upper limit for injury or damage it causes to others, and a sole trader is liable with personal assets. Betriebshaftpflicht is the German version …
In Germany, a business insures its furniture, equipment, machinery and stock through an Inhaltsversicherung, separate from the building and separate from liability. Cover is usually built …
Business interruption insurance pays your lost profit and ongoing costs when an insured physical loss stops or slows down your business. In Germany it is called …
If you run a company in Germany, a ransomware attack or data breach is your cost, not your IT provider's: forensics, recovery, lost revenue and claims from customers. A German cyber policy …
Firmenrechtsschutz pays lawyers, court fees and experts when your business is involved in a legal dispute. It is common in Germany, where fees follow a statutory scale and the loser …
In Germany every employee can demand to convert part of their salary into a company pension, and the employer usually has to add 15%. For international teams the scheme works differently …
If you know employer health plans from the US or private medical insurance from the UK, the German version works differently. Every employee is already covered by statutory or private …
In Germany, work and commuting accidents are covered by the statutory accident insurance of the employers' liability associations (Berufsgenossenschaften), funded entirely by employers. …
German B2B trade runs on invoices with payment terms, so every delivery is a short loan to your customer. Trade credit insurance, called Warenkreditversicherung in German, pays most of an …
A German GmbH protects its shareholders, not its managing directors. A Geschäftsführer who breaches his or her duties is personally liable to the company with private assets, and in …
Why this order
The rule: existential risks first, expensive ones second, comfort last
First insure what could ruin you financially: unlimited liability towards others under the German Civil Code, the loss of your income through illness, and your house if you own one. Then losses that hurt but will not ruin you, such as replacing the contents of a flat. Comfort cover such as dental top-ups or travel extras comes last.
Pay small losses yourself. Every premium carries administration costs, so insuring a phone or glasses costs more over the years than it pays out. Compulsory in Germany are health insurance with long-term care cover for everyone, motor liability for every registered vehicle and, in several federal states, dog liability.