Question 1

Who is Professional liability insurance of ING for?

Accepted Answer

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:

accountant
trust officer
lawyer, administrator or legal adviser
tax adviser
business consultant
IT consultant
architect

Maximum annual turnover of €1 million. You must have a business account with ING.

Question 2

Is professional liability insurance mandatory?

Accepted Answer

In some sectors, professional liability insurance is required by law. This applies to professions including accountants, lawyers and administrators. Moreover, some clients may also require you to have this insurance if you want to work with them.