Question 1

Who is Company liability insurance of ING for?

Accepted Answer

This insurance is suitable for the self-employed and businesses:

in sectors such as construction, hospitality, personal care, B2B services, retail and wholesale
with an annual turnover of up to €1 million

Question 2

Is company liability insurance mandatory?

Accepted Answer

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.