Financial Protection for Entrepreneurs and Freelancers

ERIK THIÉBLEMONT

THE GUIDE TO BETTER UNDERSTAND

WHETHER YOU ARE AN ENTREPRENEUR, A FREELANCER, OR CONSIDERING BECOMING ONE

Part 1: Professional Insurance

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Who am I

I am a General Insurance Agent specializing in the financial protection of entrepreneurs and freelancers. With over 13 years of experience in this field, I support numerous clients through solid financial security, tailored to their projects and needs. My role as an expert is to anticipate life’s risks to protect your income, your family, and your assets. This guide aims to demystify the various guarantees available and show how essential they are to preserve your business and your loved ones in case of hardship. Through this ebook, I want to provide you with the keys to take control of your financial security, so you can move forward calmly, even in the face of the unexpected.

HELLO, I AM ERIK THIÉBLEMONT
TO LEARN MORE WWW.CABINET-THIEBLEMONT-AXA.FR

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3 Reasons to Take Control of Your Insurance:

• Anticipation is Better than Action
• Anticipate
• Protect
• Secure

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3 Reasons to Take Control of Your Insurance:

As an entrepreneur, your ability to generate income directly depends on your health and your daily commitment to your activity. However, no one is immune to an accident, illness, or other unexpected events that could temporarily or permanently prevent you from working. Without insurance, these unforeseen events can quickly become financial burdens, jeopardizing your personal and professional projects.

Why it’s important:

Insurance allows you to prepare for the unexpected. By anticipating hardships, you can focus on developing your business with the certainty that, even in the event of setbacks, your financial stability will be preserved. It’s better to plan before an unforeseen event turns into a crisis!

1. ANTICIPATE THE UNEXPECTED

Your income is one of your main resources. In the event of temporary or permanent work stoppage, the absence of regular income can quickly affect your standard of living, your expenses, and your projects. With adequate insurance coverage, you are assured of receiving financial support to compensate for lost income and continue to cover your fixed expenses.

Why it’s important:

Insurance is a safety net to maintain your quality of life. It protects your income, your business, and, by extension, everything that depends on it. Whether it’s to pay your bills, support your family, or simply maintain your standard of living, solid financial protection ensures that your life won’t come to a halt if your health falters.

You have likely invested time, resources, and a lot of effort to build your wealth and establish your business. In the event of disability or death, the absence of insurance can not only jeopardize this legacy but also leave debts and unexpected burdens for your loved ones.

Why it’s important:

Securing your assets means ensuring that everything you have built will be protected. With well-thought-out insurance coverage, you can continue to pass on your assets to your loved ones without exposing them to the financial risks associated with life’s uncertainties. It’s a responsible and anticipatory approach to preserve what matters most.

2. PROTECT YOUR INCOME

3. SECURE YOUR ASSETS

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The Risks of Life and Their Financial Consequences

CHAPTER 1

Anticipation is Better than Action

Life is unpredictable, and even the most cautious cannot guard against all uncertainties. As an entrepreneur or freelancer, you bear a dual responsibility:

• to maintain the sustainability of your business
• to secure your financial future and that of your loved ones.

But what would happen in the event of hardship? Extended work stoppage, disability, death: all events that can suddenly shake your financial stability and jeopardize the projects you have built with so much effort. This first chapter aims to raise your awareness of the financial consequences of these life risks. Through concrete examples, you will discover how a work stoppage, a disability, or a death can affect not only your professional activity but also the security of those who depend on you. Understanding these risks is already a first step towards better anticipation. Insurance then proves to be an indispensable tool to guarantee your peace of mind and that of your loved ones in the face of unforeseen events.

BUILDING A SOLID PROTECTION FOR A CALM FUTURE

https://anticipe-actions.fr
https://cabinet-thieblemont-axa.fr

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As an entrepreneur or freelancer, your ability to work is your primary asset. It allows you to generate income, grow your business, and maintain your standard of living. But have you ever thought about the consequences of a work stoppage, even temporary, on your financial stability? An accident, an illness, or even a minor injury can force you to suspend your activity, often without notice. And without adequate protection, this can quickly become a financial burden.

Unlike employees, you do not benefit from the same social coverage in the event of work stoppage. While an employee is covered by health insurance and receives daily allowances, you are often left to fend for yourself, with fixed expenses that continue to accrue: rent, contributions, operational costs, and even personal expenses. In just a few weeks, this situation can create a financial imbalance, forcing you to dip into your savings, postpone your projects, or worse, incur debt.

Concrete Example: When Work Stoppage Endangers Activity

Imagine a craftsman, say a carpenter, who injures himself and must remain immobilized for two months. Without income to compensate for this stoppage, he still has to pay the costs of his workshop, the expenses of his tools, and his personal expenses. With insurance coverage, he could receive compensation that would offset this loss of income, allowing him to get through this period without compromising his financial stability. Without this protection, he risks jeopardizing not only his professional life but also his personal well-being and that of his loved ones.

Why Professional Insurance is Essential

Protecting against work stoppage ensures that you can maintain your quality of life even in the event of the unexpected. Well-thought-out insurance coverage guarantees that even if you must temporarily suspend your activity, you will have income to meet your obligations. This financial security allows you to focus on your recovery without the fear of losing everything you have built.

By choosing to protect yourself today, you are making a decision that goes far beyond the present moment. You choose to preserve your peace of mind, to continue developing your business serenely, and to no longer let an unforeseen event dictate the future of your projects. Work stoppage is a real risk, but with the right protection, you can ensure that even tough times won’t have the final word.

1. Work Stoppage: An Underestimated Risk

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The Financial Consequences of Disability

An accident or illness can change your life in an instant, and for an entrepreneur, partial disability...

maintaining one’s standard of living during the stoppage.

Total disability often means the end of the activity as it was envisioned

Such a situation leads to a significant loss of income, while new expenses arise: specific adaptations, ongoing care, home assistance, etc. Without adequate coverage, this financial pressure can quickly weigh heavily on your standard of living.

Example:

Let’s imagine an independent consultant who suffers an accident, with reduced work capacity. His income drops, but his ongoing expenses remain. With insurance coverage, he would benefit from a compensatory pension that would allow him to maintain his financial stability without sacrificing his standard of living.

Why Insurance is an Essential Solution to Face Disability

Insurance in the event of disability offers an essential safety net, allowing you to preserve your financial autonomy and move forward calmly, even in the face of major life changes. You will be able to continue progressing in life, including on the asset side, as you will have sufficient income.

2- Disability – A Deep and Lasting Life Change

The Financial Consequences of Death

The death of an entrepreneur or freelancer not only leaves an emotional void for their loved ones but can also lead to major financial difficulties. Without appropriate coverage, the expenses of the business, potential debts, and the financial needs of loved ones can quickly create a delicate situation for your family.

Example:

Let’s take the case of an entrepreneur who suddenly dies without life insurance. His family is left with the debts of the business and the estate costs, not to mention the sudden loss of the main income. Life insurance could have guaranteed a capital sum or a pension to protect his loved ones, allowing them to face this transition without additional financial difficulties.

With death coverage, you ensure that even in your absence, your loved ones receive financial support, and that your assets, built over the years, are passed on without additional burdens. Planning for this type of protection is choosing lasting security for those who depend on you.

3 - Death: A Threat to the Security of Loved Ones and Assets

Assessing Financial Needs and Choosing the Right Protections

CHAPTER 2

Anticipation is Better than Action

How to assess your needs?

Having sufficient income to live is good, but protecting oneself adequately to retain it regardless of uncertainties is better. Choosing the right insurance guarantees requires a careful assessment of financial needs to avoid both gaps and unnecessary protections. In this chapter, you will discover how to determine the coverage amount that corresponds to your situation and what types of guarantees are essential to ensure your peace of mind.

Because the best protection is the one that exactly meets your priorities, without compromising your financial balance and, of course, will be implemented when the time comes.

To choose adequate insurance coverage, it is essential to calculate the minimum amount you would need to cover your expenses in the event of work stoppage, disability, or death. This calculation is based on several factors:

• Professional fixed expenses: rent for the workspace, potential salaries, social charges, and contributions.
• Personal fixed expenses: rent or mortgage, bills, ongoing expenses.
• Emergency savings: available funds to absorb part of the costs, allowing you to decrease or supplement the necessary coverage level.

Example:

For an entrepreneur with €3,000 in monthly fixed expenses, it will be necessary to plan for coverage that allows for continuous compensation of this amount. This amount will serve as a basis for determining the necessary compensation levels.

In addition to ongoing expenses, everyone has personal priorities and projects that influence financial needs in case of hardship. These priorities may include:

• Maintaining the standard of living: if your goal is to maintain your current standard of living, you may need more extensive protection.
• Family support: if you want to ensure the financial security of your loved ones, such as funding your children’s education or maintaining an estate for them, it is important to plan for sufficient death capital or pension.
• Personal development project: certain projects, such as purchasing real estate or starting a new business, require advance planning to prevent an unforeseen event from jeopardizing their realization.

By taking these aspects into account, you will be able to more accurately assess the level of insurance that corresponds not only to your current financial situation but also to your life goals.

1. ASSESSING THE INCOME TO PROTECT
2. TAKING PERSONAL PRIORITIES INTO ACCOUNT

Assessing Financial Needs

Assessing financial needs can sometimes seem complex, especially when several variables come into play. To refine this assessment:

• Use an online simulator: free tools are available to simulate insurance needs based on your profile and situation. These simulators can give you a first idea of the necessary amounts. For a simple situation, this may be sufficient.
• Consult an insurance expert like me: For a more personalized analysis, an expert can help you identify essential protections and guide you towards the guarantees that correspond to your situation and activity.

These steps ensure that your protection will be well adapted to your real needs, neither insufficient nor excessive, and that you have the financial means to overcome life’s uncertainties.

3. USE A SIMULATOR OR GET SUPPORT

Situation Setup:

Antoine, an entrepreneur in IT, has founded a single-member LLC. With a net monthly income of €3,000, he manages his projects alone, but his high professional and social expenses have led him to adopt this status to better distribute them. Antoine is married and a father of two children; he is therefore the primary support for his family. In the event of work stoppage, his fixed expenses would continue to rise to about €5,000 per month, including social contributions and operational costs of his activity.

The Incident:

During a sports session, Antoine injures his back, requiring prolonged rest of 3 months and intensive rehabilitation. Unable to work at his IT position, he must suspend all his ongoing projects, leaving his clients without solutions and without a precise resumption timeline.

Financial Consequences:

During these 3 months of stoppage, Antoine has no income, but his fixed expenses continue to accrue. Without coverage for work stoppage, he must dip into his savings to cover the €5,000 monthly expenses, totaling €15,000 over three months. This loss of income jeopardizes his family’s financial balance and drains his savings, initially reserved for other family or professional projects.

Impact on the Business and Clients:

Antoine must inform his clients of the interruption of his services, creating dissatisfaction and a loss of trust. Some decide to turn to other providers, jeopardizing his reputation and compromising his future income even after his recovery.

Conclusion:

Without protection for work stoppage, Antoine finds himself in a delicate situation, with high fixed expenses and no income. Adequate coverage would have allowed him to receive compensatory benefits and ensure the continuity of his activity without compromising his finances and client relationships. This case illustrates the importance of financial protection to ensure the stability of his business and the security of his family.

EXAMPLE OF A WORK STOPPAGE WITHOUT COVERAGE

Situation Setup:

Claire is a lawyer and operates as the sole manager of her LLC. With a net monthly income of €5,000, she chose to take out insurance that includes a disability pension, anticipating the risks related to her activity and the high expenses of her office. Claire is also a mother, and her monthly personal and professional expenses reach about €7,000.

The Incident:

During a car accident, Claire suffers an injury to her right arm, resulting in partial disability. She can still work but cannot devote the same time and energy to her cases. Her income drops by half, and her expenses remain significant. However, thanks to her insurance, she receives a partial disability pension that largely compensates for this loss of income.

Financial Consequences:

The disability pension ensures that Claire has compensation that allows her to continue covering her monthly expenses without touching her savings or personal investments. She can maintain her family’s financial security and the smooth operation of her office, despite a decrease in work capacity.

Impact on Activity and Clients:

Although her capacities are reduced, Claire can continue to manage her cases by adapting her pace. She thus retains most of her clients and does not suffer a loss of professional reputation. The pension allows her to adjust her activity to preserve her health and quality of life without compromising her standard of living or her business.

Conclusion:

Thanks to her disability coverage, Claire has the financial security necessary to continue working despite a loss of capacity. This example shows that well-adapted insurance is essential to maintain professional and family balance in difficult times while ensuring a lasting safety net.

EXAMPLE OF A DISABILITY WITH ADEQUATE COVERAGE

Situation Setup:

Julien is a doctor and owns a medical practice that he has built over the years, accumulating a loyal clientele and valuable professional assets. In addition to his activity, he is the primary financial support for his family, consisting of his wife and two children. Aware of the importance of protecting his loved ones in case of unforeseen events, Julien has taken out life insurance providing for the payment of capital to his heirs.

The Incident:

A tragic event occurs, and Julien unexpectedly passes away. This disappearance leaves not only an emotional void but also a complex medical and financial legacy for his family to manage. Without life insurance, his family would have had to face the debts and tax burdens related to the practice, threatening its sustainability and the transfer of his assets.

Financial Consequences and Advantages of Insurance:

Thanks to the life insurance, a capital sum is paid to Julien’s family, covering the estate costs and the debts associated with the practice. This financial support allows them to maintain the family assets without having to sell off assets or compromise their standard of living. The capital also ensures a stable future for the children, with sufficient funds to finance their education or other future needs.

Impact on the Transfer of the Medical Practice and the Security of Loved Ones:

With this coverage, his wife and children can decide to sell the practice under favorable conditions or, if they wish, transfer it to another doctor without financial pressure. The death capital helps them preserve Julien’s professional legacy, providing his family with the financial stability necessary to navigate this difficult period.

Conclusion:

Life insurance here ensures the transfer of assets without hindering the financial security of loved ones. For a doctor, this means preserving a lifetime’s work and protecting his family against the financial challenges associated with death. This case highlights the importance of well-adapted insurance to ensure a smooth transition for those left behind.

EXAMPLE OF ASSET TRANSFER WITH LIFE INSURANCE

Conclusion

Anticipation is Better than Action! (You guessed it!!!)

The life of an entrepreneur or freelancer is filled with opportunities, challenges, and great independence. But this freedom also comes with a responsibility to oneself and one’s loved ones: to plan for the unpredictable to ensure lasting financial stability. Through this ebook, we have explored together the main life risks – work stoppage, disability, and death – and the financial consequences that can arise without adequate protection.

Concrete examples demonstrate that well-chosen insurance is an essential investment. Whether it’s about maintaining one’s activity, preserving one’s standard of living, or protecting one’s family, insurance offers invaluable peace of mind in the face of life’s uncertainties. By anticipating risks, you give your loved ones and yourself the freedom to move forward calmly, even in difficult times.

The future is uncertain, but by taking steps today, you choose security, responsibility, and serenity. It’s never too early to assess your needs and build solid financial protection. Because beyond the numbers, insurance is above all the promise to protect what you have built, for yourself and for those who matter most.

TAKE CONTROL OF YOUR FINANCIAL SECURITY

Take care of what matters: Schedule an appointment today with an insurance expert like me to assess your needs and choose the guarantees suited to your activity. Don’t let uncertainty decide for you – choose peace of mind and security for yourself and your loved ones.

FAQS

Anticipation is Better than Action

FREQUENTLY ASKED QUESTIONS

1. What is insurance, and how is it different from regular insurance? Insurance covers risks related to life events (work stoppage, disability, death) and provides financial support in case of inability to generate income. It’s a form of insurance but focused on income protection and family security.

2. Why is it essential to take out insurance as a freelancer or independent professional? Unlike employees, freelancers do not have the same safety net (like daily allowances) in case of work stoppage. Insurance helps compensate for this gap and secure income.

3. What are the main types of insurance guarantees? The main guarantees include work stoppage (daily allowances), disability (disability pension), death (death capital or pension for loved ones), and sometimes complementary options like protection in case of life accidents.

4. How is the disability pension calculated? It depends on several factors, including the level of disability, the average previous income, and the options chosen in the contract. Insurance simulators are often used to estimate this amount.

5. What is the difference between life insurance and death insurance? Life insurance pays a capital sum or pension to beneficiaries in the event of the insured’s death. Life insurance, on the other hand, is primarily a savings product with tax benefits and can also include death coverage.

Frequently Asked Questions

1. What coverage amount should I take out?

This depends on professional and personal expenses, income, the number of dependents, and the standard of living the insured wishes to maintain. A personalized assessment is often recommended.

2. Are insurance contributions tax-deductible?

For freelancers in France, insurance contributions can be deducted under Madelin-type contracts, which constitutes a tax advantage.

3. What is the ideal age to take out insurance?

It is recommended to take out insurance as early as possible, as contributions are often lower when one is young and healthy. However, suitable solutions exist for all ages.

4. What happens if I stop paying my contributions?

In case of non-payment of contributions, the contract may be suspended or terminated, and the protection ends. It is therefore essential to maintain regular payments to guarantee coverage.

5. How do I know if my coverage is sufficient?

A protection audit or consultation with an advisor allows you to verify that the chosen guarantees adequately cover the insured’s needs and expenses, and to adjust them if necessary.

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Contact Information and Legal Notices

My contact information

Erik Thiéblemont
Exclusive AXA General Insurance Agent
Insurance and Assets
24 chemin de Léognan
33610 Canéjan
Email: agencea2p.erik.thieblemont@axa.fr
Phone: 06 68 90 89 24 / 05 25 33 10 00
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Legal Notices

Insurance companies represented: AXA France Vie & AXA Assurances Vie mutual
Financial advisor of AXA France for employee savings
Exclusive agent in banking operations and linked agent of AXA Bank
N° ORIAS 11 062 223 www.orias.fr
ACPR – Prudential Control and Resolution Authority: 4 place de Budapest CS 92959 – 75436 PARIS Cedex 9

Details of complaint and appeal procedures and the contact information for the dedicated service are available on the websites www.axa.fr. In case of unresolved disputes at the end of the complaint process, you can refer to the Mediator by contacting the association:
The Insurance Mediation
TSA 50110
75441 PARIS CEDEX 9
www.mediation-assurance.org

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