Premium calculation · Third-party liability
Professional liability insurance
In our own estimate, the basic example costs from €1,058 to €1,323, depending on the company. From there, 6 tables with 33 bands in all raise or lower the price: the same steps at every company, at another height.
The prices are our own estimates, and they can be wrong. They are not offers or an official ranking, and we sell no insurance. The algorithm is public. Why
The prices of each company are our own estimate. They come from our own research of the market and our judgement as people of the industry. They are not a price that the company publishes. We can be wrong, and the order of the ranking is more reliable than the exact price. Only the company gives the real price, with all your details. None of the 16 companies gave us a price.
The reference case
The price of the example is the one the comparison shows for these answers: the base of each company, the rates on the sums insured, the factors and the extra covers of the example.
- Occupation
- Accountants, tax advisers, business consultants
- Limit per claim
- €300,000
- Turnover
- €50,001 - 150,000
- How many work with you
- 2
- Excess
- €1,000
- Postcode
- no postcode - the average of Greece
- The reference tier
- Professional liability
- €1,058 - €1,323
The tiers
The price of the basic example by tier, base and percentages on the sums insured, at the company with the cheapest and the company with the dearest estimate.
| Plan | Cheapest | Dearest | Spread |
|---|---|---|---|
| Professional liabilityCovers a mistake in your work. · the reference tier | €1,058INTERASCO | €1,323Allianz Ευρωπαϊκή Πίστη | +25%16 companies |
| With your premisesCovers your premises as well. | €1,225INTERASCO | €1,532Allianz Ευρωπαϊκή Πίστη | +25%16 companies |
| With your staffCovers your staff as well. | €1,391INTERASCO | €1,739Allianz Ευρωπαϊκή Πίστη | +25%16 companies |
The factors
Every insurer has the same bands, but its own coefficients
Every figure is one table of the calculation. The two columns in each band are the cheapest and the dearest estimate for the basic example.
From × 0.45 to × 2.24 along the scale. Click a band or drag the control.
× 1.00 ±0 € × 1.00 ±0 €
The table with the figures
| Band | INTERASCO | Allianz Ευρωπαϊκή Πίστη |
|---|---|---|
| Personal services - hairdressing, beauty, gym | × 0.45 | × 0.66 |
| Estate agency and property management | × 0.69 | × 0.81 |
| IT and digital services | × 0.92 | × 0.95 |
| Accountants, tax advisers, business consultants | × 1.00 | × 1.00 |
| Insurance intermediaries - required by law 4583/2018 | × 1.20 | × 1.12 |
| Travel agents and tour organisers - required | × 1.39 | × 1.24 |
| Lawyers and notaries | × 1.62 | × 1.38 |
| Engineers, architects, site supervisors | × 2.24 | × 1.76 |
| Doctors, dentists and allied health professions | × 0.48 | × 0.68 |
From × 0.45 to × 1.98 along the scale. Click a band or drag the control.
× 1.00 ±0 € × 1.00 ±0 €
The table with the figures
| Band | INTERASCO | Allianz Ευρωπαϊκή Πίστη |
|---|---|---|
| €100,000 | × 0.45 | × 0.66 |
| €300,000 | × 1.00 | × 1.00 |
| €500,000 | × 1.26 | × 1.16 |
| €1,000,000 | × 1.65 | × 1.40 |
| €1,500,000 and over | × 1.98 | × 1.60 |
From × 0.81 to × 2.43 along the scale. Click a band or drag the control.
× 1.00 ±0 € × 1.00 ±0 €
The table with the figures
| Band | INTERASCO | Allianz Ευρωπαϊκή Πίστη |
|---|---|---|
| up to €50,000 | × 0.81 | × 0.88 |
| €50,001 - 150,000 | × 1.00 | × 1.00 |
| €150,001 - 500,000 | × 1.33 | × 1.20 |
| €500,001 - 1,000,000 | × 1.78 | × 1.48 |
| over €1,000,000 | × 2.43 | × 1.88 |
From × 0.82 to × 2.14 along the scale. Click a band or drag the control.
× 1.00 ±0 € × 1.00 ±0 €
The table with the figures
| Band | INTERASCO | Allianz Ευρωπαϊκή Πίστη |
|---|---|---|
| on your own | × 0.82 | × 0.89 |
| up to three people | × 1.00 | × 1.00 |
| four to ten | × 1.47 | × 1.29 |
| more than ten | × 2.14 | × 1.70 |
From × 0.69 to × 1.17 along the scale. Click a band or drag the control.
× 1.00 ±0 € × 1.00 ±0 €
The table with the figures
| Band | INTERASCO | Allianz Ευρωπαϊκή Πίστη |
|---|---|---|
| €500 | × 1.17 | × 1.10 |
| €1,000 | × 1.00 | × 1.00 |
| €2,500 | × 0.83 | × 0.90 |
| €5,000 and over | × 0.69 | × 0.81 |
From × 1.00 to × 1.06 along the scale. Click a band or drag the control.
× 1.00 ±0 € × 1.00 ±0 €
The table with the figures
| Band | INTERASCO | Allianz Ευρωπαϊκή Πίστη |
|---|---|---|
| Attica | × 1.06 | × 1.06 |
| Thessaloniki | × 1.03 | × 1.03 |
| Large cities | × 1.01 | × 1.01 |
| Rest of mainland Greece | × 1.00 | × 1.00 |
| Islands | × 1.00 | × 1.00 |
| Greece, national average | × 1.03 | × 1.03 |
Extra covers
A flat price a year, unless the tier already includes it.
| Cover | Inside the tier | Cheapest | Dearest | Spread |
|---|---|---|---|---|
| Mistakes before the policyCovers mistakes made before the policy started that have not yet surfaced. Without it, a first policy leaves every year you worked uninsured uncovered - and that is where the mistakes were made. | - | €63INTERASCO | €78Allianz Ευρωπαϊκή Πίστη | +24%16 companies |
| After you close the practiceThe policy pays for what is reported while it is running. If you stop working, or stop insuring, the claims that arrive afterwards are covered by nobody. This keeps the window open for a few more years. | - | €75INTERASCO | €94Allianz Ευρωπαϊκή Πίστη | +25%16 companies |
| Data breachThe costs and the compensation if your clients' personal data leaks. The GDPR makes the loss calculable and the fine certain, and no classic liability policy covers it. | - | €53INTERASCO | €67Allianz Ευρωπαϊκή Πίστη | +26%16 companies |
| Lost documentsThe cost of rebuilding a file that was lost or destroyed in your hands. | Covers your premises as well.Covers your staff as well. | €20INTERASCO | €25Allianz Ευρωπαϊκή Πίστη | +25%16 companies |
| Legal protectionA lawyer at the company's expense to defend your work. In professional liability the cost of defending is often larger than the compensation itself, because whether you were at fault is settled by expert evidence. | Covers your staff as well. | €9INTERASCO | €12Allianz Ευρωπαϊκή Πίστη | +33%16 companies |
Minimum premium: from €708 to €886 depending on the company. No price falls below its own.
Instalments: in two halves the year costs 8% to 8% more, and in four quarters 16% to 16%, by company.