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Why insurance at all?
Because they are useful. For example, those that minimize your liability risk - or the loss of earnings due to illness. An independent financial adviser can help you find the right insurance for you. Unless he is really independent!
1. Private retirement provision
Private retirement provision is usually more lucrative than the state pension insurance. Private annuity insurance promises security, but they only disclose meager returns and cost high fees. Experts therefore recommend investing in funds, preferably in fund-saving fund plans. Of course this is not risk-free.
2. Disability insurance
It is considered one of the most sensible hedges. This is because the state's disability pension, which is due when a pensioner can no longer work before the age of retirement, hardly covers the risk.
The amount of contributions varies greatly and depends on the age of the insured and the agreed benefits. Critical in private disability insurance is the abstract reference. If it is in the contract, the insurance company checks whether the employer could not nevertheless perform a related activity in the event of an unfitness to work, regardless of whether there are any corresponding jobs at all.
3. Alternatives to occupational disability insurance
Often the insurances also exclude pre-existing illnesses from the insurance. Anyone who does not get a good job disability has other possibilities: Dread Disease Insurances against individual serious illnesses, a basic health insurance or a private disability insurance.
4. accident insurance
By contrast, private accident insurance only pays for accidents - worldwide and with low contributions - but statistically, illnesses are much more common than accidents. The professional association, in which self-employed can also protect themselves voluntarily (Caution: in some there is compulsory insurance!) Although pays for occupational diseases, but the catalog is very limited.
5. Liability insurance
Business liability insurance covers losses that occur to others in the course of business operations - for example, if someone injures themselves in their own offices. For real financial losses (the work is not finished in time and the customer has financial losses) there is the financial loss liability.
In addition to property damage and personal injury due to faulty products, product liability also covers property damage. For certain occupations, eg lawyers or asset advisors, a professional obligation is even compulsory. And sometimes professional and private liability insurance can be combined favorably.
6. Legal expenses insurance
A legal protection is relatively dispensable. He does not accept claims for damages or preventative legal advice. For this, usually expensive and unnecessary services must be paid. A cheap alternative for self-employed persons can be legal advice and protection through a professional association.
7. Other insurance companies
Operating cost, business interruption or bad debt insurance are worthwhile only for larger Company, It can make sense to hedge company investments. Expensive special insurance, such as against glass breakage, storm or fire usually do not pay. Rather, one should complete a total insurance of the most likely risks.
8. Advice and assistance in choosing the right insurance
Choosing the right private insurance is complicated. It is therefore advisable to consult independently. But be cautious in the case of free online comparisons or the advice of a broker: often the amount of commissions in the recommendations play an important role here. Better are independent, neutral insurance advisors. These may only be mentioned if they have a corresponding judicial authorization prohibiting any mediation. Unfortunately the advice is also very expensive. A cheap alternative is therefore the pay tables of the consumer centers or the tests of the Stiftung Warentest.
If you want to inform yourself about customer satisfaction with your insurance in advance, you should take a look at the complaints authorities of the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin). In case of a dispute with the insurance company, you can also contact an insurance ombudsman. His insurances are accepted by most insurers.
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