# Insurance for registered pension advisers in Germany

> In Germany, a pension adviser (Rentenberater) is a registered legal service provider. Registered pension advisers advise on the statutory pension, accident insurance, disability law linked to a pension and company and professional pension schemes, and may represent clients up to the Higher Social Court. One missed deadline can cost a client part of their pension for life. This page explains the rules, the cover that matters and what it costs.

Quelle/Source: https://www.nammert.com/en/business-insurance-pension-adviser.php  
Updated: 2026-10-15

## Is the minimum of 250,000 euros enough for my practice?

It is enough for registration. If you advise employers on company pensions, one error can affect many employees at once. In that case consider a higher limit and an annual aggregate that can carry several claims.

## At a glance

- **Registration:** Only persons registered with the Federal Office of Justice may provide pension advice (section 10 RDG)
- **Compulsory insurance:** Professional indemnity of at least 250,000 euros for each claim (section 12 RDG)
- **In court:** Pension advisers may represent clients before the Social Court and the Higher Social Court within their authorisation (section 73 SGG)
- **Basic cover from:** about 350 euros a year for the compulsory minimum of a sole practice, a guide figure from our quoting work
- **Often forgotten:** A pension error has effects for many years, so the limit should carry a client's lifelong loss

## What goes wrong in this trade

- **Deadline missed:** An objection to a pension decision is filed too late. The client loses part of the pension every month and claims damages.
- **Application too late:** The pension application is not filed in time and months of payments are lost.
- **Wrong calculation:** Reductions for early retirement are misjudged. The client would have worked longer.
- **Company pension:** An employer follows your advice on its pension rules and an error later affects many employees.
- **Health data:** Files contain medical reports and insurance records. A breach is especially serious.
- **Owner absent:** Small practices depend on one person. If they are off for a long time, deadlines keep running.

**Risk radar** (Compared with other trades, 1 low to 5 high.): Liability 5, Fire and water 2, Theft 2, Cyber 4, Downtime 3, Health 2

## The insurance you need

- **Professional indemnity** (Essential): Financial loss liability is a condition of registration under section 12 RDG and pays when clients lose pension or benefits through your error. https://www.nammert.com/en/insurance-broker-professional-indemnity.php
- **Cyber insurance** (Strongly advised): For breaches involving health data, ransomware and the costs of notification and recovery. https://www.nammert.com/en/insurance-broker-cyber-insurance.php
- **Business contents** (Strongly advised): Protects furniture, equipment and files against fire, water, burglary and storm. https://www.nammert.com/en/insurance-broker-business-contents.php
- **Business legal expenses** (Strongly advised): For disputes with your landlord, staff or suppliers. https://www.nammert.com/en/insurance-broker-business-legal-expenses.php
- **Occupational disability** (Strongly advised): The practice depends on your expertise. If you can no longer work, the income stops. https://www.nammert.com/en/insurance-broker-occupational-disability.php
- **Business liability** (Depends on the business): For injury and property damage, for example a client falling in your office. https://www.nammert.com/en/insurance-broker-business-liability.php
- **Electronic equipment** (Depends on the business): For laptops, scanners and servers, including operating errors and theft. https://www.nammert.com/en/insurance-broker-electronic-equipment.php

## What it costs: example prices

Premiums depend on the limit, turnover, number of advisers, areas of work and claims history. Company pension advice is usually rated higher than individual pension applications.

| Insurance | Example | Typical range |
| --- | --- | --- |
| Professional indemnity | Sole practice, compulsory 250,000 euros per claim | about 350 to 900 euros a year |
| Professional indemnity | Practice with three advisers and employer clients, 1 million euros | about 1,200 to 3,000 euros a year |
| Cyber insurance | Office with five workstations, 250,000 euros limit | about 500 to 1,300 euros a year |
| Business contents | Furniture and equipment worth 30,000 euros | about 120 to 300 euros a year |
| Occupational disability | Age 45, office work, 2,000 euros monthly benefit | about 80 to 160 euros a month |

For comparison: The compulsory cover of a sole practice costs less a year than one month of the pension at stake in a typical objection.

_All prices are guide figures from our own quoting work in 2026, excluding German insurance premium tax. The minimum limit comes from section 12 RDG._

- [Legal Services Act (RDG), section 10: pension advice](https://www.gesetze-im-internet.de/rdg/__10.html)
- [Legal Services Act (RDG), section 12: professional indemnity](https://www.gesetze-im-internet.de/rdg/__12.html)
- [Social Courts Act (SGG), section 73: representation](https://www.gesetze-im-internet.de/sgg/__73.html)

## Our suggestions: three packages

- **Sole practice** (Pension adviser without staff): Professional indemnity, Cyber insurance, Business contents. Together: about 1,000 to 2,500 euros a year
- **Practice with team** (Several advisers, employers and company pensions): Professional indemnity, Cyber insurance, Business contents, Business legal expenses, Electronic equipment. Together: about 2,500 to 6,000 euros a year
- **With income protection** (Owners whose practice depends on them): Professional indemnity, Cyber insurance, Business contents, Occupational disability. Together: about 2,000 to 4,500 euros a year

## The worst day in a pension advice practice

Six things pension advisers really go through, all on one Tuesday. Click through and see who pays.

- 08:30: A client learns his objection was filed too late. He is short 180 euros of pension a month, for life. (€38,000, Paid by: Professional indemnity)
- 10:15: An employer reports an error in the pension rules you helped draft. (€52,000, Paid by: Professional indemnity)
- 12:00: An infected attachment encrypts all files with medical reports. (€15,000, Paid by: Cyber insurance)
- 14:20: A client with a walking aid falls on the office stairs. (€6,000, Paid by: Business liability)
- 16:40: A weekend burglary: laptops and scanner are gone. (€5,500, Paid by: Business contents)
- 19:00: The landlord gives notice for personal use; you think it is invalid. (€3,000, Paid by: Business legal expenses)

**Damage so far:** €119,500

## Practical tips from your broker

- Have all registered areas confirmed in the policy, including company and professional pensions and court representation.
- Choose a higher limit if you advise employers, because one error can affect many employees.
- Keep a deadline diary with a second check; missed objection deadlines are the classic error.
- Look at run off cover: the effects of advice often show only when the pension starts, years later.
- Protect health data with encryption and a secure client portal.
- Protect your own income, because the practice depends on your expertise.

## Why NAMMERT for your business

- **We read the terms:** As an insurance broker, Norman Nammert compares several insurers and shows where registered areas, run off cover and annual aggregates differ.
- **Practice and owner together:** Compulsory cover, cyber, office and income protection are kept in one file.
- **Brokering since 1989:** Our work is free for you; the insurer pays our commission. You speak to people who know your practice, in English or German.

## FAQ

### Do pension advisers need to be registered in Germany?

Yes. Under section 10 RDG pension advice is reserved for persons registered with the Federal Office of Justice.

### Which insurance is compulsory?

Professional indemnity with at least 250,000 euros for each claim under section 12 RDG.

### May I represent clients in court?

Yes, within your authorisation before the Social Court and the Higher Social Court, as set out in section 73 SGG.

### How much does professional indemnity cost?

As a guide figure from our quoting work, about 350 to 900 euros a year for a sole practice with the minimum limit, more with employer clients and higher limits.

### Is company pension advice covered?

If it is part of your registered area and named in the policy. Have this confirmed, especially for employer clients.

### What about errors that show up years later?

Look for long run off cover so claims can still be reported after the policy ends. We compare this for you.

## Request quotes

We obtain quotes and come back with a comparison, free of charge. You can write in English. https://www.nammert.com/en/business-insurance-pension-adviser.php#anfrage

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Your broker: Norman Nammert, trading as NAMMERT. Insurance broker licensed under section 34d(1) of the German Trade Regulation Act. Broker register no. D-C08Q-TOSD4-37. NAMMERT Assekuradeur GmbH is a separate company. It does not arrange your contract.

NAMMERT Assekuradeur GmbH, Karl-Marx-Straße 4, 15711 Königs Wusterhausen, +49 3375 29 12 77, info@nammert.com. Wikidata: Q141141479.