Being self-employed in Luxembourg means working in a dynamic and competitive environment, so it's vital to protect your business to ensure its long-term future. Whether you're a freelancer, a craftsman, a shopkeeper or the manager of an SME, here's an overview of the main types of insurance you should consider taking out to protect your business against financial and operational risks.
Compulsory insurance for professionals in Luxembourg
In Luxembourg, certain types of insurance are required by law to guarantee workers' social protection and liability in the event of an incident.
Liability insurance for business vehicles
If you use work vehicles, you are required by law to take out third-party liability insurance to cover damage caused to third parties in the event of an accident. For a more comprehensive protection, we recommend that you take out additional comprehensive insurance.
💡 Foyer solution: Mobilé Pro
Professional civil liability for regulated professions
Some professions are required to take out professional indemnity insurance to practise legally (lawyers, notaries, architects, engineers, estate agents, doctors, physiotherapists, dentists, nurses, vets, travel agents, insurance brokers, etc.). This insurance protects against errors, omissions or negligence that could cause harm to any third party.
Affiliation to the Centre Commun de la Sécurité Sociale (CCSS)
All self-employed workers must register with the CCSS within 8 days of starting their activity. This includes:
Sickness and maternity insurance
Pension insurance
Dependency insurance
Work accident insurance
Recommended insurance for SMEs and self-employed workers
For extra protection for your business, it's a good idea to consider additional insurance to protect you against specific risks:
Operating liability
Essential if you are in contact with the public, this covers incidents affecting third parties outside a contractual relationship. For example, if a customer is injured in your shop or a passer-by is hit by an object that has fallen from a building site.
Business interruption insurance
In the event of a major incident (fire, water damage, theft, etc.), this cover compensates for the loss of income and covers fixed costs to ensure business continuity.
💡 Foyer solution: Multirisk Pro
Supplementary health and provident insurance
This insurance is essential for the self-employed and company directors, as it covers :
Medical expenses not reimbursed by social security
A daily allowance in the event of work stoppage
A disability annuity to secure your income
💡 Foyer solution: Medicis Pro
Additional pension savings
Self-employed workers and company directors need to anticipate their retirement differently from salaried employees.
Building up a capital sum or annuity to supplement the statutory pension
Tax advantages: contributions paid are deductible from taxable income
Possibility of including death cover to protect loved ones
💡 Foyer solution: Horizon Pro
Additional insurance: tailor-made protection for businesses
Because each business has its own specific features, Foyer can support you with tailor-made solutions to meet the specific needs of your sector:
Insurance for company directors
You could be held personally liable for a management error. At Foyer, Directors' Liability protects your assets by covering:
Civil and criminal defence costs
Costs of restoring your image in the event of a crisis
Cyber-insurance
Cyber attacks have been on the increase in recent years, so be sure to protect your business. A cyber attack can result in, among other things, loss of data (invoices, contracts, customer files, etc.), business interruption, damage to your e-reputation, etc.
💡 Foyer solution: Cyber Pro
Goods and equipment transport insurance
If you transport equipment or goods, this cover can protect you against:
Theft and damage during transport
Damage to business equipment
As a business, choosing the right insurance is essential to protect your business and ensure its continuity in the face of everyday hazards. At Foyer, we put our expertise at your service to offer you tailor-made solutions that will enable you to deal with the unexpected and guarantee the continuity of your business.
Three key elements to remember about insurance for SMEs and self-employed workers in Luxembourg:
Certain types of insurance are compulsory to comply with legal requirements.
The main types of insurance recommended include professional liability, operating liability and business interruption insurance.
Specific additional cover is essential to provide security for diverse lines of businesses.
Trust Foyer to help you protect your business and ensure a worry-free future.
For more information and to get a personalised quote, follow our guide for the self-employed and SMEs and contact our experts today.
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