The MRP (Professional Liability Insurance) includes essential coverages (property, liability, business interruption, legal) to protect your business. Choosing your options and coverage limits carefully ensures complete coverage tailored to your profession.
Are you a business owner, retailer, craftsman, or freelancer? Protecting your business isn't limited to liability insurance: premises, equipment, inventory, business interruption—everything can be jeopardized by an incident. Professional multi-risk insurance (MRP) combines several essential guarantees to cover a wide range of risks. Discover how to choose the right one to protect your business assets and ensure the longevity of your activity.
What is professional multi-risk insurance?
Professional multi-risk insurance is a comprehensive contract that covers several types of risks affecting the company: property damage, civil liability, loss of business, and legal protection.
It is aimed at all types of businesses: very small businesses, small and medium-sized enterprises, craftsmen, retailers, liberal professions... Regardless of size or turnover.
The essential guarantees of a good professional multi-risk insurance policy.
Property damage
- Fire, explosion, water damage (leak, infiltration, burst pipe)
- Theft, vandalism, malicious acts
- Glass breakage, electrical damage, damage to IT equipment or machinery depending on the sector.
Professional liability insurance
- Covers damages caused to third parties in the context of your activity (clients, suppliers, visitors)
- Operational civil liability (related to the use of the premises) or after delivery/work, depending on the profession.
Operating loss
- Compensation for financial losses related to the partial or total shutdown of the business due to a covered incident (fire, water damage, etc.)
- Taking into account the fixed costs to be maintained (rent, utilities) during the interruption period.
Legal protection and additional guarantees
- Legal assistance in case of dispute or claim related to your professional activity.
- Personalized options depending on profession or sector: protection of computer data, liability of executives, ten-year guarantee for the construction industry.
How to choose the right professional multi-risk insurance for you
Identify your main risks
- Analysis of your premises, equipment, inventory, transportation, and geographical area (sensitive, climatic zones)
- Identify the possible financial consequences in the event of a business interruption.
Compare the offers and the included guarantees
- Check the compensation limits, deductibles, and exclusions in the contract.
- Study the basic included guarantees vs. paid options.
- Request several quotes to see what is truly suited to your business.
Adapt the contract to your profession and structure.
- Certain activities with specific risks (construction, hospitality, catering, production, etc.) require customized options.
- Check if the contract adapts to changes (increase in size, new premises, new equipment)
Consider the cost vs. peace of mind.
- A good MRP (Minimum Required Protection) policy may seem expensive, but the consequences of an uncovered claim are often much more so.
- Examine the annual cost, but also the value of the peace of mind and protection it provides.
Why take out your professional multi-risk insurance with KT Assur&Bank?
- Modular solutions : customizable guarantees according to your activity, structure size, and equipment.
- Transparent pricing : no surprises, clear and tailored quotes.
- Professional support : dedicated advice to help you identify your strengths and vulnerabilities.
- Responsive customer service : simplified claims management, quick assistance
Conclusion
Professional multi-risk insurance is much more than just another contract: it's the foundation of your protection to face unforeseen circumstances. Investing in appropriate, comprehensive, and well-thought-out coverage means protecting your business, your employees, and your future. With KT Assur&Bank, you can obtain a tailored, personalized, and reliable solution to secure your professional project.