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Business interruption insurance through Allianz
Business interruption insurance pays for no broken machine and no burnt-out building. It pays for the months in which that damage leaves you with less turnover while the fixed costs run on.
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- 9.5 customer rating for a new policy
- AFM licence 12016589
- Personal 072 - 509 24 56, weekdays 9–17
This page in another language: Nederlands
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.
- Independent advice
- Several insurers
- Switching arranged
- Help with claims
In brief
Business interruption insurance is a consequential-loss insurance. There must first be covered material damage to your building, contents, stock or machinery. Only then does this policy come into play. The payment runs over the indemnity period: the period within which you are taken to be back at your former level of turnover. On this product that period is the most important choice, and it is consistently set too short.
What is insured is the gross profit: turnover minus the costs that fall away by themselves when work stops, such as the purchase of goods for resale. What remains is rent, wages, depreciation, lease instalments and interest, plus the profit you would have made. Underinsurance almost always arises here through growth: the sum was set at some point and never adjusted since.
We work through that sum and that period with you on the basis of your annual figures, and test whether the rebuilding time, the permit process and the delivery time for your machinery really fit within it. Background on this form of cover is on our page about business interruption insurance.
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Business interruption insurance through Allianz: what is covered?
The structure of the cover in three parts, with an overview per situation below.
What we do
From assessment to policy.
- Matching cover to your work
- Conditions side by side
- Switching, including cancellation
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.
What does your premium depend on?
- Indemnity period chosen. Moving from six months to two years is the most decisive choice on this policy and feeds straight through into the premium.
- Level of the gross profit. The sum insured follows from turnover minus variable costs. The premium is calculated on that amount.
- Fire risk of your process and premises. The underlying likelihood of fire helps set this premium, so construction, storage and processes weigh heavily.
- Replaceability of your production equipment. Machines with long delivery times or bespoke control panels extend the interruption and with it the expected loss.
- Spread across locations. If you can move production temporarily to a second site, the expected interruption is shorter.
- Extensions included. Supplier, customer and utility failure and increased cost of working cover are priced separately on top of the basic cover.
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.
Why arrange it through Finass Verzekert?
We look at the terms as well as the premium, and stay your point of contact when there is a claim.
Independent
We are not tied to one insurer and compare on the basis of an objective analysis of several companies.
One fixed adviser
You call or email someone who knows your file. No menu options, no changing call centres.
Switching without hassle
We cancel your old policy and align the start date, so you are never a day without cover.
Help with claims
We report the claim and monitor how it is handled. In urgent cases you can reach us on the emergency line.
9.5New policy
9.8Claims handling
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.
Where things go wrong in practice
Four points that make the difference between a policy that pays out and one that does not.
The indemnity period is not an administrative detail
Six months is enough for an office that moves elsewhere temporarily after a fire. For a manufacturing business with an environmental permit, demolition, rebuilding and a machine with a long delivery time it is too short: if the period runs out while you are not yet operating, the payment stops too. We put the realistic recovery time on paper before the period is fixed, including the permit process.
Underinsurance arises through growth, not through bad luck
The sum insured is derived from your gross profit over a year. If your turnover grows and the sum stays as it is, the proportionality rule is applied when a loss occurs and you receive only part of your interruption loss. An accountant's clause or a first loss arrangement can absorb that. At renewal we check whether the sum still matches the latest annual accounts, and not those from three years ago.
Interruption at another business: supplier and customer risk
If your only supplier burns down, you have an interruption but no material damage of your own. The main cover then pays nothing. For that there are separate extensions for supplier risk and customers' premises risk, usually with a separate limit and a named list of businesses. The same applies to failure of your electricity, gas or water supply: that cover must be expressly included and often carries a waiting period of its own.
What is not included
Interruption without prior material damage is excluded: an IT failure, a hacked system or a blocked access road does not lead to payment here. Digital interruption belongs with cyber insurance. Government measures, epidemics, penalties for late delivery and the loss of customers after the indemnity period ends also stay outside the policy. Extra costs to keep going faster are covered only under separate increased cost of working cover.
Frequently asked questions
This is what people ask us most.
Why does the policy pay nothing for a breakdown without fire or burglary?
Because the cover is tied to covered material damage to your own property. Without that damage there is no way in, however large the loss of turnover. That is not a fault in the conditions but the way the product is built. For interruption without a physical cause there are separate covers, such as the business interruption module within cyber insurance.
How do I set the right indemnity period?
Work back from a total loss: clearing the site, the insurance assessment, the permit, the specification, tendering, building, installation and commissioning. Add the time you need to win your customers back, because they do not return on the day you reopen. For businesses with specialist equipment this often produces a considerably longer period than expected.
What happens if my sum insured turns out to be too low?
Then the proportionality rule applies: the loss is paid in the ratio the sum bears to the actual gross profit. With substantial growth that can leave a considerable part of your interruption loss for your own account. An accountant's clause or an annual adjustment based on the final figures prevents this. We go through that with you as a matter of course at renewal.
Are the extra costs of keeping going insured?
Only where there is room for them. Costs that reduce the interruption loss, such as temporary rent or subcontracting to a fellow business, are often paid up to the amount you save in payment by doing so. If you want to spend more because continuity for your customers matters more to you than the arithmetic, separate increased cost of working cover with its own sum insured is needed.
Every situation is different. For these situations we have a separate page.
- Compare business interruption insuranceThe main page
- Business interruption insurance for manufacturersMachines, delivery times, contracts
- Business interruption insurance for agricultural businessesSeason, livestock, rebuilding
- Business interruption insurance for tradeStock, suppliers, customers
- Business interruption insuranceGross profit, indemnity period, material damage
- Business interruption insurance for other sectorsGross profit, indemnity period, alternatives
- Business interruption insurance for the hospitality sectorLicences, fit-out, winning customers back
- Business interruption insurance through a.s.r.Gross profit, indemnity period, material damage trigger
- Business interruption insurance for construction firmsPlant, projects, wage costs
Ready to compare?
Request a quote without obligation. We will look at which insurer best matches your activities and your risk.
Prefer to call? 072 - 509 24 56, weekdays 09:00–17:00.
Claim on the road? Emergency line 06 - 55 20 40 72.
About our service
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.
This page was compiled by Finass Verzekert (LinkedIn). Last updated on .
The information on this page is general in nature and is not personal advice.