Company liability insurance protects your business against damage that you or your employees cause, such as injuries, property damage, and environmental damage.
After all, accidents happen… No matter how big or small an accident is, you don’t want to have to worry about the consequences it could cause for you. That’s where company liability insurance comes in.
"}},{"componentType":"accordion","accordionList":[{"title":"Who is the company liability insurance of ING for?","richBody":{"value":"This insurance is suitable for the self-employed and businesses:
No, company liability insurance is not compulsory. But what if your business ends up liable for thousands of euros of damage? If you aren’t covered, you will have to pay this out of your own pocket, even if you are self-employed. However, sometimes this kind of insurance is required by clients or trade associations if you are a member.
"}}]},{"componentType":"sectionTitle","title":"What does company liability insurance cover?"},{"componentType":"paragraph","richBody":{"value":"Company liability insurance of ING covers financial losses you incur due to accidents for which you and/or your employees are liable. If you want to insure your association or foundation, your members’ liability is covered.
"}},{"componentType":"comparisonCards","comparisonCardList":[{"title":"What is covered","usps":[{"body":"Injury or damage following an accident","iconType":"check-mark"},{"body":"Product liability","iconType":"check-mark"},{"body":"Employer liability","iconType":"check-mark"},{"body":"Incidental environmental damage","iconType":"check-mark"},{"body":"Costs of determining liability and damage","iconType":"check-mark"},{"body":"Run-in risk (optional coverage)","iconType":"check-mark"},{"body":"Associations or foundations","iconType":"check-mark"}]},{"title":"What is not covered","usps":[{"body":"Fire-hazardous roofing work","iconType":"cross"},{"body":"Cyber & data","iconType":"cross"},{"body":"Scaffolding","iconType":"cross"},{"body":"Demolition and renovation","iconType":"cross"},{"body":"Asbestos","iconType":"cross"},{"body":"Organisation of events with >1,000 visitors","iconType":"cross"},{"body":"This insurance is not valid in the United States and Canada","iconType":"cross"}]}],"title":"What is covered,What is not covered"},{"componentType":"paragraph","title":"Product liability insurance","richBody":{"value":"With the company liability insurance (AVB), you’re covered for product liability. This covers damage caused by a product you supply or that is sold on your behalf. For example, injury or material damage to third parties. Damage to the product itself or costs due to poor performance of the product are not covered. So you’re protected against customer claims, not against repair costs for your own product.
If it’s not possible to insure your business activity for product liability, you’ll see a clause called ‘product liability exclusion’ under ‘Not covered’ during the application. The final clauses that apply can be found on your policy. It’s important to check the clauses on your policy carefully to confirm whether this cover applies.
"}},{"componentType":"actionAccordion","actionAccordionList":[{"title":{"value":"Which factors influence the premium of a company liability insurance policy?
"},"paragraphs":[{"componentType":"paragraph","richBody":{"value":"The level of your premium depends on several factors. These are the most important ones:
How risky is your line of work? An IT consultant usually pays less than an architect or financial adviser.
The higher your turnover, the greater the risk of claims — and that will be reflected in your premium.
The higher the amount you choose to insure, the higher the premium.
If you opt for a higher deductible, you’ll generally pay a lower premium.
Do you work on your own or with a team? More employees often means a higher premium.
Tip: Want to know what your premium would be? Calculate it directly in My ING Business or in the ING App to get an amount tailored to your situation.
"}}]}]},{"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
See below our cooperation document and the terms & conditions. Please review these documents carefully and save them on your device.
Just started your business? Then the company liability insurance is free for the first 6 months. Apply as soon as you open a business account with ING.
"},"textLinks":[{"url":"/en/business/insurance/starters-discount-company-liability","text":"Check terms and conditions"},{}],"alignedImage":{"position":"left","transformBaseUrl":"https://assets.ing.com/transform/1e337b97-55fd-4b83-a8d9-fa8ab6cca6a5/Woman-formal-broken-vase-insurance-scene","original":"https://assets.ing.com/m/7202feb6b67ea8f2/original/Woman-formal-broken-vase-insurance-scene.svg","extension":"svg"}},{"componentType":"applicationProcess","body":"You can take out the insurance quickly and easily in My ING Business or the ING App.","steps":{"stepList":[{"title":"Check your details","body":"Everything is already filled in for you. All you have to do is check it’s all correct."},{"title":"Choose your business activity","body":"This way you can be sure you’re insuring the right activity."},{"title":"Check the premium","body":"You can see upfront what you will pay per month or year."},{"title":"Check everything again","body":"Once you’re happy, submit the application."},{"title":"You see immediately if you’re covered right away!","body":"You should see your insurance coverage in the app and in My ING Business"}]}},{"componentType":"cta","microCopy":"Login to calculate your premium","textLink":{"url":"https://mijnzakelijk.ing.nl/banking/insurances/business/company-liability","text":"Calculate your premium"}},{"componentType":"paragraph","richBody":{"value":"Sometimes it takes a little longer to review your application, but we’ll keep you up to date. If we cannot insure your business, we will tell you straight after you apply.
"},"textLinks":[{"text":"Not yet a business customer with us? Open first a Business current account."}]},{"componentType":"highlight","title":"Why insure your business through ING?","richBody":{"value":"A company liability insurance policy provides financial protection if you are held liable for damage caused by you or your employees to others. Think of:
The insurance is not legally required, but some clients may require it before working with you. This way, you know you're well prepared for unexpected costs.
"}},{"title":"What deductible would I have to pay under Company liability insurance of ING?","richBody":{"value":"You can choose the deductible yourself: € 500, € 1,000 or € 2,500. This is the amount you pay yourself per claim. The higher the deductible, the lower the premium.
The deductible you choose applies to property damage and environmental damage. Other coverage may be subject to a different deductible. Please see the policy schedule sent to you once you have taken out the insurance.
"}},{"title":"What’s the difference between company liability insurance and professional liability insurance?","richBody":{"value":"Company liability insurance insures you if you are liable for property damage or injury following an accident. Professional liability insurance covers you for the financial consequences of professional misconduct for which you or your employees are liable.
"},"textLinks":[{"url":"/en/business/insurance/what-is-the-difference-between-professional-liability-insurance-and-company-liability-insurance","text":"More about the differences"}]},{"title":"How much does company liability insurance cost?","richBody":{"value":"Company liability insurance of ING is very competitively priced. The premium amount varies from one company to another, because your insurance depends on factors including:
Calculate your premium right now. It takes just 2 minutes to see much you’ll pay.
"}},{"title":"Is this insurance mandatory in my industry?","richBody":{"value":"It’s not legally required to take out the company liability insurance of ING, regardless of your industry or business type. As an entrepreneur, you’re personally responsible for any damage you cause. Without insurance, you’ll pay for this out of your own pocket.
When taking on assignments, proof of insurance is increasingly requested. Especially clients in construction, healthcare, consultancy and technology often require you to have ING Company Liability Insurance before you start working for them. Suppliers or partners may also include in their contracts that your liability must be insured. And if you want to join a trade association, having this insurance may be a condition for membership.
"}},{"title":"How quickly is a claim handled?","richBody":{"value":"The insurer processes it immediately. You may be contacted if more information is needed.
You can easily report damage via My ING Business or the ING App – and you can also track the status of your claim there.
"}}]},{"componentType":"cta","microCopy":"Login to calculate your premium","textLink":{"url":"https://mijnzakelijk.ing.nl/banking/insurances/business/company-liability","text":"Calculate your premium"}},{"componentType":"linkList","iconTitle":{"icon":{"transformBaseUrl":"https://assets.ing.com/transform/9b2c6ad3-b2ea-4db5-a2ca-1c48b46f01ae/Feedback-Light_Bulb_Outline","type":"image","width":2500,"original":"https://assets.ing.com/m/b3ad527d82eaff3/original/Feedback-Light_Bulb_Outline.png","extension":"png"},"title":"Also interesting for you..."},"textLinks":[{"url":"/en/business/insurance/ing-professional-liability-insurance","text":"Professional liability insurance"},{"url":"/en/business/insurance/ing-company-car-insurance","text":"Company car insurance"},{"url":"/en/business/insurance/ing-company-van-insurance","text":"Company van insurance"},{"url":"/en/business/insurance/what-is-the-difference-between-professional-liability-insurance-and-company-liability-insurance","text":"Difference between company and professional liability"}]}]},"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.
"}}]}}}