This policy pays for your business assets and stock at the premises, and stands or falls on whether both sums have been established on the correct basis of value.
The calculator and the quote form below are in Dutch. Prefer to do this in English? Email info@finassverzekert. nl or call 072 - 509 24 56 and we will take it from there.
Work out for yourself what it would cost.
Enter your details; you will receive a proposal within one working day.
We compare the offerings of several insurers
An adviser checks whether the cover suits your activities
A premium indication, not personal advice. Prefer to talk it through? Call 072 - 509 24 56.
In brief
The cover consists of two sections that are valued separately. Business contents is everything you use to work with: machinery, tools, tills, refrigeration, furniture and equipment, usually at replacement value as new. Goods is what you sell or process: trading stock, raw materials and semi-finished goods, valued at cost price. Anyone who combines both sums into one amount almost always falls short when a loss occurs.
With this product, underinsurance is the most common reason a payment disappoints. Insurers may reduce the payment proportionately if the actual value turns out to be higher than the sum insured; at the same time the indemnity principle in Article 7:960 of the Dutch Civil Code means you may not end up better off. With stock that fluctuates sharply by season, a peak stock arrangement is therefore not a luxury.
This is also a named perils policy. Fire, explosion, storm, burglary and water damage are covered; anything outside that is not, unless you opt for a wider variant. We set the lists of perils side by side and make sure they fit with your business interruption insurance and glass insurance.
Business contents insurance through Allianz: what is covered?
The structure of the cover in three parts, with an overview per situation below.
Our role
Independent
We are not tied to any single company.
Several providers compared
Advice follows your situation
AFM licence 12016589
When taking out cover
What we do
From assessment to policy.
Matching cover to your work
Conditions side by side
Switching, including cancellation
After that
In the event of a claim
What really matters.
Notification and guidance
Assessing a rejection
Objection where necessary
What is covered
What we look at
Explanation
Does the cover suit your activities
Yes
Sum insured and excess
Yes
Exclusions and clauses
Yes
Fit with your other policies
Yes
Premium in relation to the conditions
Yes
Comparing on premium alone
No
This overview is general in nature and is not personal advice. What is actually covered, including exclusions, limits and the excess, is set out in the policy conditions and the insurance card (verzekeringskaart) of the insurer; you receive both before you take out cover. Taking out cover without advice? Then read what execution only means for you.
Where things go wrong in practice
Four points that make the difference between a policy that pays out and one that does not.
Replacement value as new does not apply without limit
Business contents are in principle paid at replacement value as new, but many conditions switch to market value as soon as an item has fallen sharply in value, is no longer in use or is intended for sale. With older machinery or a workshop fitted out second-hand, that makes a considerable difference. We go through your inventory list and mark which items are likely to be settled at market value, so that expectations are correct from the outset.
Third-party property and tenant's improvements
Customers' goods with you for repair, processing or on consignment are not your own business contents. A separate section is needed for those, with a limit that fits a busy day. The same applies to your tenant's improvements: fixed alterations you have made yourself in rented premises do not fall under the owner's buildings policy and otherwise fall between two stools.
Security clauses are strict conditions
Almost every business contents policy carries warranty and prevention clauses: a burglary resistance class, a locking plan, a roller shutter, alarm response, or a requirement that stock is locked away outside opening hours. If such a clause is not complied with, the insurer can refuse payment after a burglary. What you declare on the application about security and business activities also falls under the duty of disclosure in Article 7:928 of the Dutch Civil Code.
What falls outside the cover
Excluded are damage from gradual causes such as damp, mould or water penetrating through walls, wear and tear and inherent defect of an item, and theft without signs of forced entry. Vermin, groundwater and flooding from a primary flood defence also fall outside. Spoilage of refrigerated stock is only covered with a refrigeration clause, and the turnover you lose while closed belongs on business interruption insurance.
What does your premium depend on?
Sum insured for business contents. The replacement value of machinery, equipment and fittings forms the basis of the first section.
Sum insured for goods. The average stock value and the level of seasonal peaks are assessed and rated separately.
Construction type and compartmentation. Brick with a hard roof covering is assessed differently from timber, thatch or a building with timber upper floors.
Nature of the stock. Flammable or theft-prone goods such as electronics and drink weigh more heavily than bulk materials.
Burglary and fire prevention. Security class, alarm response, firefighting equipment and an inspection of the electrical installation all count.
Adjoining properties and location. Anyone next door to a catering business or to storage of flammable substances carries the neighbour's risk as well.
Insurers weigh these details differently. That is where your saving is.
How we arrange it
You request a quoteWe take stock of your activities, turnover and wishes.
We compareseveral insurers, on premium as well as conditions.
You receive a proposalWith an explanation of the differences and the exclusions.
We arrange the switchIncluding cancellation, so there is no gap in cover.
Customers rate our service on four aspects: personal service, service delivery, availability and the outcome. The reviews are collected and published by NH1816 and come from customers who have actually taken out a policy with Finass Advies B.V. or reported a claim.
By keeping the inventory list and the stock records up to date and adjusting the sums each year. For larger interests a valuation by an expert is possible. The insurer then accepts that value for an agreed period, so that the proportionality rule no longer applies when a loss occurs. We will tell you when a valuation is worth the effort.
Is my stock in external storage covered as well?
Only if that address is on the policy. The cover is tied to the location: goods in a rented unit, in storage with a third party or in a van fall outside the description of the insured risk. If you work with changing storage locations, we arrange a separate section or cover at several addresses.
My stock is much higher around the holidays. What then?
You solve that with a peak stock or fluctuation arrangement. You agree in advance that the sum insured is higher in certain weeks, or that an overrun up to an agreed limit is included. Without such an agreement, a claim in December is settled on the sum stated in the policy.
Do glass and cash have to be insured separately?
Yes. Breakage of shop windows, doors and frontages belongs on a glass insurance, and cash and securities fall under money and valuables insurance. Both are excluded as standard on a business contents and goods policy, or included up to a low limit. We check which limits appear in your proposal before you sign.
Finass Verzekert is a trading name of Finass Advies B.V. We advise on and arrange non-life insurance on the basis of an objective analysis of several insurers, and receive commission for this from the insurer, which is included in the premium. You pay no separate advice fee. Before you take out cover, we establish your wishes and needs.
You will find our licence, KvK and Kifid details and our complaints procedure at the foot of every page.
