You’d rather not think about it, but even as a freelancer or self-employed you can make a professional mistake in your work. For example, you give incorrect advice that causes your client to lose revenue, or you make an error that negatively impacts the customer. If they hold you liable, this can have serious financial consequences.
"}},{"componentType":"accordion","accordionList":[{"title":"Examples of when professional liability insurance can be useful:","richBody":{"value":"
Do you want to easily reduce the risk of high costs due to a damage claim? Then consider taking out a professional liability insurance.
"}},{"componentType":"accordion","accordionList":[{"title":"2. Is professional liability insurance mandatory for self-employed?","richBody":{"value":"Professional liability insurance is legally required for certain professions. Examples include: accountants, lawyers, architects, administrators, financial advisors, and notaries.
In addition, clients and recruitment agencies may require you as a freelancer to have this insurance before accepting an assignment. Some industry associations also make professional liability insurance mandatory.
"}},{"title":"3. When do you need this insurance as self-employed?","richBody":{"value":"Professional liability insurance is often chosen for advisory work. Even if you are not (legally) required to take out this insurance, it’s smart to protect yourself as a freelancer or self-employed against the financial consequences of professional mistakes.
"}}]},{"componentType":"sectionTitle","title":"4. Why many self-employed choose professional liability insurance via ING"},{"componentType":"paragraph","richBody":{"value":"Self-employed professionals with a business account at ING benefit from:
There are certain professions for which professional liability insurance is mandatory. For example, do you work as an accountant? Then a professional liability insurance is often required. You can easily apply for this online, including via ING.
"},"textLinks":[{"url":"/en/business/insurance/ing-professional-liability-insurance","text":"Read more and apply"}]},{"title":"Accounting office","richBody":{"value":"Do you have an accounting office? Applying for professional liability insurance is possible!
"},"textLinks":[{"url":"/en/business/insurance/ing-professional-liability-insurance","text":"Read more and apply"}]},{"title":"Architect","richBody":{"value":"Do you work as an architect? Applying for professional liability insurance is possible!
"},"textLinks":[{"url":"/en/business/insurance/ing-professional-liability-insurance","text":"Read more and apply"}]},{"title":"Tax advisor","richBody":{"value":"Do you work as a tax advisor? Applying for professional liability insurance is possible!
"},"textLinks":[{"url":"/en/business/insurance/ing-professional-liability-insurance","text":"Read more and apply"}]},{"title":"Construction","richBody":{"value":"Do you work in construction? Unfortunately, applying for professional liability insurance is not possible.
"}},{"title":"IT","richBody":{"value":"Do you work in IT or ICT? Applying for professional liability insurance is possible!
"},"textLinks":[{"url":"/en/business/insurance/ing-professional-liability-insurance","text":"Read more and apply"}]},{"title":"Legal advisor","richBody":{"value":"Do you work as a lawyer, administrator, or legal advisor? Applying for professional liability insurance is possible!
"},"textLinks":[{"url":"/en/business/insurance/ing-professional-liability-insurance","text":"Read more and apply"}]},{"title":"Notary office","richBody":{"value":"For notary offices, it is legally required to have professional liability insurance (BAV). This is not possible via ING.
"}},{"title":"Real estate agent","richBody":{"value":"Do you work as a real estate agent? Unfortunately, it is not possible to apply for professional liability insurance.
"}},{"title":"(Organisational) consultancy firm","richBody":{"value":"Do you have a (management) consultancy firm? Applying for professional liability insurance is possible!
"},"textLinks":[{"url":"/en/business/insurance/ing-professional-liability-insurance","text":"Read more and apply"}]},{"title":"Therapist","richBody":{"value":"Do you work as a therapist? Unfortunately, it is not possible to apply for professional liability insurance.
"}},{"title":"Healthcare","richBody":{"value":"Do you work in healthcare? Unfortunately, it is not possible to apply for professional liability insurance.
"}}]},{"componentType":"paragraph","title":"6. What does a professional liability insurance cover?","richBody":{"value":"If you choose a BAV through us, you are covered for the following:
Damage caused by intent or fraud, damage to image and reputation, and damage resulting from exceeding your authority are not covered, for example.
"},"textLinks":[{"url":"/en/business/insurance/ing-professional-liability-insurance","text":"Check what is and isn't covered"}]},{"componentType":"sectionTitle","title":"7. How much does professional liability insurance cost?"},{"componentType":"paragraph","richBody":{"value":"The average self-employed professional pays a few tens of euros per month for professional liability insurance. Your actual premium depends on several factors, such as your:
Do you work in a profession with higher risks? Then you’ll usually pay a higher premium. You can easily calculate your premium online, completely free and tailored to your situation.
"}},{"componentType":"sectionTitle","title":"8. Is the premium tax-deductible?"},{"componentType":"paragraph","richBody":{"value":"Good news! According to the Dutch Tax Authority (Dutch site), the premium for the BAV can be deducted from your revenue. This means that as a freelancer, you’ll end up paying less for your insurance on an annual basis.
"}},{"componentType":"sectionTitle","title":"9. Comparing professional liability insurance: what should you look for?"},{"componentType":"paragraph","richBody":{"value":"In addition to the premium, always pay attention to the terms and conditions of a professional liability insurance. Do you have to pay an excess? What is and isn’t covered? What is the insured amount?
Good to know: when you choose a professional liability insurance via us, you can select the insured amount (the maximum amount you can receive in case of damage): €250,000, €500,000, €1,000,000 or €1,250,000. The insured amount may vary depending on your profession.
"},"textLinks":[{"url":"/en/business/insurance/ing-professional-liability-insurance","text":"Check the coverage and find out your premium immediately"}]},{"componentType":"linkList","componentStyle":"default","iconTitle":{"title":"Also interesting for you"},"textLinks":[{"url":"/en/business/insurance/ing-professional-liability-insurance","text":"Professional liability insurance"},{"url":"/en/business/insurance/ing-company-liability-insurance","text":"Company liability insurance"},{"url":"/en/business/insurance/insurance-self-employed","text":"Which insurances do you need as self-employed?"},{"url":"/en/business/insurance","text":"All business insurances"},{"url":"/en/business/self-employed","text":"Everything for the self-employed"}]}]}}}