Whether you’re a solo practitioner or run an office with staff, professional liability insurance covers you and your employees for mistakes you make in your professional practice. Important: these mainly concern errors in consultation or advisory work. If you are held liable for any of these, you’ll be covered for the costs with this insurance.
You can easily apply for this insurance online. No strings attached: you can change or cancel it daily.
"}},{"componentType":"accordion","accordionList":[{"title":"Who is Professional liability insurance of ING for?","richBody":{"value":"You can take out Professional liability insurance of ING if you are self-employed or run an SME in one of the following advisory professions or activities, with an annual turnover of up to 1.5 million:
You must have a business account with ING.
"}},{"title":"Is professional liability insurance mandatory?","richBody":{"value":"In most cases, professional indemnity insurance is not legally required. But for some professions it is mandatory, often due to laws or professional regulations. Examples include:
In addition, clients or intermediary agencies may require professional indemnity insurance before you can take on an assignment.
"}}]},{"componentType":"sectionTitle","title":"What is covered"},{"componentType":"comparisonCards","comparisonCardList":[{"title":"What is covered","usps":[{"body":"Financial losses incurred by your client due to professional misconduct","iconType":"check-mark"},{"body":"Legal assistance","iconType":"check-mark"},{"body":"Costs of preventing or mitigating damage","iconType":"check-mark"},{"body":"Run-in risk (optional extra)","iconType":"check-mark"},{"body":"Company liability (optional extra)","iconType":"check-mark"}]},{"title":"What is not covered","usps":[{"body":"Incorrect budgeting or pricing","iconType":"cross"},{"body":"Losses suffered by intent and fraud","iconType":"cross"},{"body":"Costs of providing a service a second time","iconType":"cross"},{"body":"Directors’ liability","iconType":"cross"},{"body":"Image and reputational damage","iconType":"cross"}]}],"title":"What is covered,What is not covered"},{"componentType":"paragraph","richBody":{"value":"Choose your sum insured when you apply: € 250,000, € 500,000, € 1,000,000 or € 1,250,000. You can also choose the deductible yourself. The sum insured may vary from one occupation to another.
"}},{"componentType":"actionAccordion","actionAccordionList":[{"title":{"value":"Which factors influence the premium of the professional liability insurance?
"},"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 excess, 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.
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":"You need this insurance if your work involves activities where a mistake could cause financial loss for your client — for example giving advice, creating designs or making calculations. In some professions it’s even mandatory, such as for lawyers, accountants and architects. Clients may also require it before they give you an assignment.
"}},{"title":"Why take out professional liability insurance?","richBody":{"value":"If you make a mistake in your professional practice, you can be held liable for this. The costs you incur could be astronomical. If you aren’t covered, you will have to pay these out of your own pocket.
"}},{"title":"Professional liability in practice: what is professional misconduct?","richBody":{"value":"Examples of professional misconduct include:
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":"What’s the difference between company liability insurance and professional liability insurance?"}]},{"title":"Who does professional liability insurance cover?","richBody":{"value":"Professional liability insurance covers financial losses suffered due to professional misconduct. It doesn’t matter if the mistake is made by you, an employee or someone under your responsibility. This means temporary workers, trainees, volunteers, directors, trustees and partners are also covered by this insurance.
"}},{"title":"Do you cover damage that occurred before the coverage?","richBody":{"value":"When taking out Professional liability insurance of ING, you can add coverage for damage you discover after taking out the insurance, so you are covered for the costs of this. You must not be aware of any such damage at the time you applied for the insurance.
This coverage is free with ING if you already have professional liability insurance and switch to us. If you don't have professional liability insurance yet, you can add this coverage for one, two or three years.
"}}]},{"componentType":"cta","microCopy":"Login to calculate your premium","textLink":{"url":"https://mijnzakelijk.ing.nl/banking/insurances/business/professional-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-company-liability-insurance","text":"ING company liability insurance"},{"url":"/zakelijk/verzekeren/zakelijke-autoverzekering","text":"Company car insurance"},{"url":"/zakelijk/verzekeren/zakelijke-bestelbusverzekering","text":"Company van insurance"}]}]},"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.
"}}]}}}