A company building insurance covers damage to your business premises. Think of a shop, office, practice, or production hall. This insurance helps you recover from financial setbacks due to storm, burglary, or fire.
Please note: This insurance is intended for property owners, not for tenants. Do you rent your business premises? Then you may want to consider the inventory and goods insurance.
"}},{"componentType":"accordion","accordionList":[{"title":"For whom is the company building insurance?","richBody":{"value":"The company building insurance is for you as an entrepreneur:
With a business account at ING
In sectors such as construction, catering (excluding stalls), personal care, business services, retail, and wholesale
The rebuild value of your property is covered up to €1,000,000
For a business building, the maximum insured value is €1,000,000.
For the optional business interruption cover, the maximum insurable gross profit is €300,000.
You can insure one property at a time. If you want to insure another building, please submit another application.
What is and isn't covered is detailed below.
"}},{"componentType":"comparisonCards","comparisonCardList":[{"title":"This is insured","subtitle":"Damage caused by:","usps":[{"body":"Fire, explosion, or lightning","iconType":"check-mark"},{"body":"Storm, precipitation, or water damage","iconType":"check-mark"},{"body":"Burglary or attempted burglary","iconType":"check-mark"},{"body":"Costs to mitigate damage","iconType":"check-mark"},{"body":"Costs for replanting, including the garden","iconType":"check-mark"},{"body":"Reimbursement for lost rental income","iconType":"check-mark"}]},{"title":"This is not insured","subtitle":"Damage caused by:","usps":[{"body":"Natural disasters, such as earthquakes or flooding of primary flood barriers","iconType":"cross"},{"body":"Groundwater","iconType":"cross"},{"body":"Intentional damage or illegal activities","iconType":"cross"},{"body":"Damage to parts that are not part of the property (e.g., blinds, antennas, and light advertising)","iconType":"cross"}]}],"title":"This is insured,This is not insured"},{"componentType":"accordion","accordionList":[{"title":"Exclusions and policy values","richBody":{"value":"Not everything is covered by a company building insurance policy. Damage caused by wear and tear, poor maintenance, construction faults or moisture issues in walls, for example, is excluded. Damage resulting from earthquakes, flooding from primary water barriers, acts of war or civil unrest, and nuclear reactions is also not insured.
It’s also important to review the policy value carefully. In the event of damage, this value (such as the rebuild cost or market value) determines how much will be reimbursed. This helps you avoid surprises when making a claim.
Which factors influence the premium of a company building insurance policy?
"},"paragraphs":[{"componentType":"paragraph","richBody":{"value":"The premium for a company building insurance policy depends on several characteristics of your business and property. These are the key factors:
A property in an area with a higher risk of storm damage or burglary, for example, may have a higher premium.
The construction method, size and level of maintenance all play a role. A well maintained building made from durable materials is often cheaper to insure.
Is the property used as an office, shop or production facility? The more intensive the use, the higher the risk of damage.
Think of security systems, sprinklers or fire resistant features. These can help lower the premium.
The rebuild cost of the building partly determines the premium. The higher the value, the higher the premium.
"}}]}]},{"componentType":"sectionTitle","title":"Additional coverage"},{"componentType":"cards","cards":[{"componentType":"productCard","cardType":"product","cardSize":"medium","title":"Business interruption","intro":"Don't miss out on income because you had to close your business due to an accident. With this option, you get reimbursed for the 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":"medium","title":"Glass damage","intro":"Covers glass breakage of (roof) windows. You can also insure your glass doors, display cases, and counters. No deductible applies.","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":"sectionTitle","title":"Cooperation with Allianz Direct"},{"componentType":"paragraph","richBody":{"value":"We cooperate with the insurer Allianz Direct, and where necessary with other insurers within Allianz Group. You can apply for an insurance, change your coverage or make a claim in My ING Business or the ING App. This insurance is underwritten by Allianz Benelux, which means that they will collect your premium and pay out any successful claims.
Terms and conditions
Below you will find more information about the cooperation and the policy conditions of this insurance. Review and save these documents.
Sometimes a little more time is needed to check your application, and you will be kept informed. It may also be that your business activity cannot be insured through us, which you will see directly in your application.
"}},{"componentType":"cta","microCopy":"*You can calculate your premium in My ING Business","textLink":{"url":"https://mijnzakelijk.ing.nl/banking/insurances/business/building","text":"Calculate your premium"}},{"componentType":"highlight","title":"Why insure your property through ING?","richBody":{"value":"A clear overview of your insurances in your ING environment
Report damage directly via the app and My ING Business
Change or cancel your policy daily
You choose your deductible You can choose from:
€250
€500
€1,000
€2,500
The chosen deductible applies to the company building insurance. For the optional coverages of glass breakage and business interruption, no deductible applies.
"}},{"title":"What does the company building insurance cost?","richBody":{"value":"The company building insurance of ING has a competitive premium, which varies per property. The premium depends on factors such as:
The chosen coverage(s)
Your company's activities
Your address
The deductible you choose
Easily calculate your premium using the calculate your premium button.
"}},{"title":"Part of property rented out: am I insured?","richBody":{"value":"Yes, this can be covered. Please inform Allianz Benelux that you are renting out part of your property. To be well insured, it is important that the insurer is aware of your business activities. You will fill out your activity when you request this insurance.
"}},{"title":"For what amount am I insuring my building?","richBody":{"value":"Building insurance is based on the reconstruction value, which is the amount needed to repair or rebuild the property after damage. If you are unsure of the rebuild value, it is advisable to have an appraiser make a report.
For a business building, the maximum insured value is €1,000,000.
Note: If you do not enter the correct amount, there is a risk that the full damage will not be compensated.
Example: Joost reports that the rebuilding value of his property is €200,000. After the building was completely destroyed by fire, it appears that the actual reconstruction value is €400,000. As a result, Joost is compensated for half of the damage, and his company goes bankrupt because he cannot pay the rest of the damage himself.
"}},{"title":"Is the rebuild value automatically indexed?","richBody":{"value":"The policy sheet you receive from Allianz shows how the insured amount for your building is indexed. The insured amount will be adjusted annually based on changes in prices in the construction industry.
"}},{"title":"Rebuilding your property in the same place","richBody":{"value":"Yes, rebuilding will be in the same place and with equivalent construction and layout as the insured building.
"}},{"title":"Is a company building insurance mandatory?","richBody":{"value":"No, this insurance is not required by law. However, another party, such as a credit provider, may require it for the purchase or construction of your property.
In practice: If you want to take out a loan or mortgage with a bank for your commercial property, a company buildings insurance policy is usually required. The bank wants to be sure that the property — often used as collateral — is properly insured against damage from fire, storms or other risks. This reduces the financial risk for both you and the bank. The same applies at ING.
"}},{"title":"What does extensive coverage on solar panels mean?","richBody":{"value":"Allianz offers full coverage for solar panels as standard. You do not need to inform the insurer if you have solar panels, even if they are installed later. As long as the insured amount is sufficient.
Damage to the solar panels is co-insured by default.
Even if they blow away due to a storm or if the glass plate breaks due to hail.
Fire caused by short-circuited wiring to the solar panels, for example by a crow damaging the wiring, is insured.
Through ING, coverage for business interruption cannot be taken out separately. It is an optional cover in the company building insurance and also in the inventory and goods insurance.
"}}]},{"componentType":"cta","microCopy":"*You can calculate your premium in My ING Business","textLink":{"url":"https://mijnzakelijk.ing.nl/banking/insurances/business/building","text":"Calculate your premium"}}]}}}