Project policy · clause sheets · insured parties
Business insurance through Allianz
The Allianz business range consists of separate sections on one contract. For construction and installation work, what mainly determines its practical value is who is named on the policy as an insured party.
- Several insurers compared objectively
- 9.5 customer rating for a new policy
- AFM licence 12016589
- Personal 072 - 509 24 56, weekdays 9–17
Deze pagina in het Nederlands: Zakelijke verzekeringen via Allianz.
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
- We arrange the switch, including cancellation
A premium indication, not personal advice. Prefer to talk it through? Call 072 - 509 24 56.
In brief
Finass acts as an intermediary for the business range of Allianz and is not tied to it. We compare more than thirty insurers objectively. For a construction or installation business it comes down to three policies that complement each other: the Construction all risks (CAR) insurance for the works themselves, the public and employers' liability insurance for injury and property damage to third parties, and the plant and machinery insurance for machinery and tools.
The difference shows up most sharply with a fault in the execution of the work. If a poured floor settles unevenly, redoing that work falls under the CAR cover and not under the AVB, which expressly excludes damage to the contract works themselves. If the same event damages the neighbour's adjoining house, that is a third-party claim and belongs on the AVB. Anyone placing the two policies with different providers needs to know where that boundary lies in advance.
A package for the business market is built up from modules, from business interruption and business contents up to cyber and legal expenses. One policy number does not mean one description of cover: each module has its own sum insured, its own excess and its own clause sheet. Read that clause sheet, because it sets out the security requirements and restrictions that are checked first when you claim.
This page deals with one situation. The full overview is on Compare construction all risks (CAR) insurance.
What to look for with construction and installation risks
Four points that go wrong on a project policy more often than the size of the contract sum.
Who is named as the insured on the policy
A CAR policy may name the client, the main contractor, the subcontractors, the architect and the structural engineer as insured parties. If a party is not named, the insurer may, after paying out, seek recovery from that party. If you work as a subcontractor under the main contractor's policy, ask for written confirmation that you are co-insured and which excess is passed to you under the contract.
Existing property is a separate section
The works in progress are insured under the first section. Damage to the building you are working in, to the client's existing floor, facade or installations, falls under the separate section for existing property. Without that section, it is precisely the largest part of the risk in refurbishment and renovation work that is uninsured.
Equipment, site huts and tools
Ancillary equipment is not automatically co-insured under the project policy. Scaffolding, cranes, generators and tools require their own section or a separate plant and machinery policy, with requirements on locking away and storage outside working hours. Theft from an unsecured building site or from an unlocked site hut is almost always refused.
What stays outside the cover in any event
Excluded are contractual penalties and losses caused by delay, normal wear and gradually acting influences, and damage caused by intent or wilful recklessness (Article 7:952 of the Dutch Civil Code). Also administrative fines are not insurable, because a penalty is not compensation for loss. Costs of improving a defective component that was unsound from the outset likewise remain at your own expense.
What does your premium depend on?
- Nature of the work: finishing work is weighted differently from foundations or steel construction
- Contract sum or annual turnover: the basis for a single-project or annual policy
- Construction period and maintenance period: a longer period increases the exposure
- Sections included: existing property and ancillary equipment cost extra
- Excess per section: often separate for storm, theft and water
- Use of subcontractors: the number of parties on site counts
Insurers weigh these details differently. That is where your saving is.
What is covered on the works
| Situation | Basic | Extended |
|---|---|---|
| A storm blows over a half-built internal wall on the building site | Yes | Yes |
| Theft of newly delivered window frames from a new build not yet made weathertight | Provided that | Provided that |
| Frost damage to a freshly poured concrete floor after a cold night | Provided that | Provided that |
| Re-pouring a floor that was laid at the wrong level | No | No |
| An excavator strikes a gas main that was not shown on the utilities register drawing | Yes | Yes |
| Damage to part of the works that the client has already taken into use | No | Provided that |
Extended project cover adds sections. The extent still depends on what has actually been notified for each job.
Frequently asked questions
This is what people ask us most.
Do I need construction all risks insurance as well as an AVB?
That depends on what you contract for. The AVB covers injury and damage to third-party property, but not the works you are engaged on. If you carry the risk for the works until handover, those works are uninsured without CAR cover. Under UAV contracts that risk lies with the contractor as standard; check for each project who takes out the policy.
Our client takes out the CAR policy. Can I then do without one?
Only if you are named on it as an insured party and you know which sections are included. A client's project policy often covers the works, but not your own equipment and sometimes not liability between the insured parties. Ask for the policy schedule and the clause sheets rather than a verbal assurance, and record the excess in the contract.
Does cover continue after handover?
During the maintenance period there is usually limited cover for damage you cause while carrying out remedial work, and sometimes for damage that arose during construction but only comes to light afterwards. The extent varies by policy and by the period chosen. Construction or design faults that come to light after handover are not automatically covered.
Do I have to notify each project separately?
With a single-project policy, yes: it applies to one job for a set period. Under an annual policy all works within the described limits are covered and you only notify projects that exceed them. Works that fall outside the description without being notified are not covered. You can read about the distinction under annual CAR cover.
Read more
Within Why we work with different insurers
Similar pages
- Construction all risks (CAR) insurance through Allianz
- Business insurance for construction through Allianz
- Construction all risks (CAR) and erection insurance through De Goudse
- CAR cover for self-employed professionals in construction and installation
- Construction all risks (CAR) insurance for construction and erection work