Company liability insurance (AVB) protects your business – including all partners in a general partnership (VOF) – against damage caused by you, your employees or your products, such as injuries, property damage or environmental damage.
Whether it’s a minor incident or major damage, you want certainty. That’s why it’s reassuring to know you can rely on your company liability insurance of ING.
"}},{"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:
With this company liability insurance, you and your employees are covered. If you insure your association, foundation or your entire partnership, then your members are covered too.
"}},{"title":"Is company liability insurance mandatory?","richBody":{"value":"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":"The company liability insurance of ING covers damage caused by an accident.
The insured amount (the maximum you can receive in case of damage) is up to €2.5 million per claim and a maximum of €5 million per year.
What is and isn’t covered, you can read below.
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":"sectionTitle","title":"Cooperation with Allianz Direct"},{"componentType":"paragraph","richBody":{"value":"You take out this insurance via ING at Allianz Direct. You can apply, 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":[{"url":"/en/business/payments/business-account","text":"Not a business customer with us yet? Apply for a business account first."}]},{"componentType":"highlight","title":"Why insure your business through ING?","richBody":{"value":"Yes, this company liability insurance (AVB) is specifically designed for general partnerships. All partners are covered for liability arising from your joint business activities.
"}},{"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":"See 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":"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":"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","text":"All business insurances"},{"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"},{"url":"/en/business/insurance/liability-insurance-self-employed","text":"Liability for the self-employed"}]}]},"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.
"}}]}}}