For many homeowners, a building insurance is a given. After all, what if your entire home burns down? Rebuilding costs can quickly run into hundreds of thousands. The same can happen to your office, shop or workshop: a major financial setback if you’re not properly insured.
Good to know: a company building insurance isn’t legally required, but it’s highly recommended and can also be a contractual requirement if you have financing (a mortgage) on your property.
"}},{"componentType":"accordion","accordionList":[{"title":"What’s the difference with a fire insurance?","richBody":{"value":"Fire insurance is an outdated term for building insurance. With a company building insurance, your business premises are covered, also against fire.
And while we’re on the subject of terminology… a company building insurance is also known as a property insurance or commercial building insurance. At ING, we call it the Company building insurance of ING.
"}}]},{"componentType":"sectionTitle","title":"What does a company building insurance cover?"},{"componentType":"paragraph","richBody":{"value":"In short, it covers damage to your business premises caused by:
Also pay attention to what’s not covered, such as damage caused by a natural disaster, deliberate acts or illegal activities. The exact coverage depends on the provider, the insurance you choose and your company.
Want to insure your business premises at a competitive premium and with attractive conditions? Consider the Company building insurance of ING.
Entrepreneurs who choose this insurance are typically:
If you rent business premises, you don’t need a company building insurance. After all, you’re not the owner. Is there fire or water damage to the building you rent or the space you use? The repair costs are for the landlord. Unless your rental contract states that you, as the tenant, must pay for repairs. In that case, you’re covered up to €25,000.
It is however wise to consider a business inventory & goods insurance. We call it a company inventory & goods insurance. This covers everything inside your business premises. Think of
Did you know we can also insure tenant interest? This includes any changes, upgrades or additions you’ve made to the rented property.
"}},{"title":"I work from home: do I need a company building insurance?","richBody":{"value":"From designers to photographers, physiotherapists to consultants, many self-employed professionals work at or from home. And there are a few possible situations:
Tip: Review the terms of your home building insurance. Do the same for your inventory and goods insurance, so you know your business items are well covered.
"}},{"title":"I’m part of a home owners’ association: do I need a company building insurance?","richBody":{"value":"Are you the owner of business premises or space and part of a home owners’ association? Then it’s important to know that company building insurance (also called property insurance) is mandatory for a home owners’ association. Most associations have a joint building insurance policy. Arranging this insurance is usually handled by the association’s board, and the premium costs are included in your association contribution or service charges.
"}}]},{"componentType":"sectionTitle","title":"How much does company building insurance cost?"},{"componentType":"paragraph","richBody":{"value":"On average, entrepreneurs pay around €40 per month for company building insurance. Costs can vary by business. Good to know: these costs are tax-deductible.
The exact premium depends on factors such as:
Do you have a business current account with ING? Then you’ll benefit from the following with the company building insurance of ING:
At ING, you can extend your company building insurance with the following options.
"}},{"componentType":"cards","cards":[{"componentType":"productCard","cardType":"product","cardSize":"small","title":"Business interruption","intro":"Don’t miss out on income because you had to close due to an accident. With this option, you’ll be compensated for lost gross profit.","image":{"transformBaseUrl":"https://assets.ing.com/transform/2c51111e-f360-4633-966a-fd2894aaa294/A-male-fashion-designer-is-on-the-phone-and-looks-at-ideas-at-his-office-workstation-while-wearing-a-measuring-tape-around-his-neck","type":"image","width":6439,"original":"https://assets.ing.com/m/2c37d655682cf271/original/A-male-fashion-designer-is-on-the-phone-and-looks-at-ideas-at-his-office-workstation-while-wearing-a-measuring-tape-around-his-neck.jpg","extension":"jpg"},"link":{"url":"/en/business/insurance/business-interruption"}},{"componentType":"productCard","cardType":"product","cardSize":"small","title":"Glass damage","intro":"Covers glass breakage of (roof) windows. You can also insure your glass doors, display cases and counters. No excess applies to this cover.","image":{"transformBaseUrl":"https://assets.ing.com/transform/f5560b35-072e-47a3-873b-4f381cddc33c/Large_MS-PPT_Web-Silhouette-of-a-business-man-walking-along-a-passage-with-green-trees-reflecting-in-the-glass","type":"image","width":1920,"original":"https://assets.ing.com/m/0c7c34a23f055fcd/original/Large_MS-PPT_Web-Silhouette-of-a-business-man-walking-along-a-passage-with-green-trees-reflecting-in-the-glass.jpg","extension":"jpg"},"link":{"url":"/en/business/insurance/glass-damage"}}]},{"componentType":"linkList","componentStyle":"default","iconTitle":{"title":"Also interesting for you"},"textLinks":[{"url":"/en/business/insurance/ing-company-building-insurance","text":"Company building insurance"},{"url":"/en/business/insurance/ing-company-inventory-and-goods-insurance","text":"Inventory & goods insurance"},{"url":"/en/business/insurance","text":"All business insurances"},{"url":"/en/business/insurance/ing-company-liability-insurance","text":"Company liability insurance"},{"url":"/en/business/insurance/ing-company-legal-assistance-insurance","text":"Company legal assistance insurance"},{"url":"/en/business/payments/business-account","text":"Become a business customer at ING"},{"url":"/zakelijk/zzp/bankzaken","text":"Products for the self employed (Dutch only)"}]}]},"legalZone":{"flexComponents":[{"componentType":"paragraph","richBody":{"value":"🛈 We offer the English information on ING.nl as an additional service. This information was translated from Dutch, and in case of any inconsistency, the original Dutch text shall prevail.
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