Construction all risks (CAR) insurance through Allianz
CAR insurance belongs to a structure under construction and not to a business: it runs from the first spade in the ground to the end of the maintenance period and insures everyone present on that works.
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
Construction All Risks is a project insurance. What is insured is the works itself during construction, including the materials used, against every sudden cause that is not excluded: fire, storm, collapse, theft of building materials already incorporated, vandalism and errors during execution. Client, main contractor and subcontractors are usually named together on the policy, so that recovery between them does not cause delay.
The policy is built up from sections and that is exactly where quotations differ. Alongside the works section there are sections for liability during the work, for existing property belonging to the client, for ancillary plant and site huts, and for the property of site management and staff. Each section has its own limit and its own excess.
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.
On renovation work the existing property section is the key section
With new build on an empty site there is nothing you can damage. With a renovation, extension or refurbishment there is an existing building belonging to your client all around, and it is precisely that building which suffers most damage. That damage does not fall under the works section but under the existing propertysection, with a separate limit that you have to match to the value of the building and not to the contract sum.
The maintenance period continues after handover
After completion the maintenance periodbegins, during which you still put defects right. Limited maintenance cover pays only for damage you cause yourself during that remedial work. Extended maintenance cover also pays for damage that comes to light after completion but arose during the construction period. On works with a long guarantee period or phased completion, that choice determines whether you end up uninsured at the end.
Design faults: the damage around them yes, the component itself no
If a structural component turns out to have been calculated too lightly, the policy usually pays for the consequential damage to the rest of the works, but not the cost of putting that one component right. That is betterment and you pay for it yourself. For the designer's liability a professional indemnity insurance is needed; the CAR policy does not take that liability over.
What is not included
Not covered are penalties for late completion and other pure delay losses, normal wear and corrosion, and damage caused by failing to comply with dewatering, shoring or sheet piling requirements. Ancillary plant, cranes and machinery only fall under the policy if the section concerned is insured; otherwise they belong under plant and machinery insurance. Theft of materials not yet incorporated also often carries stricter conditions.
What does your premium depend on?
Contract sum for the work. The contract value including material supplied by the client is the basis on which the project premium is calculated.
Nature of the structure. Earthworks, foundations and hydraulic engineering have a different damage pattern from finishing and installation work.
Construction period and season. A longer duration increases exposure to storm, frost and flooding on the uncovered works.
Presence of existing buildings. Building against or inside an existing property calls for the existing property section and raises the risk assessment.
Sections and limits chosen. Liability, ancillary plant and personal property are priced separately per section.
Continuous contract or single-project policy. A continuous policy covering all works is calculated on annual turnover. A single project is quoted separately.
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.
Who takes out the CAR insurance, the client or the contractor?
That is set out in the specification and differs from works to works. On larger projects the client often takes it out and requires the contractors to come under it. On smaller works the main contractor does it. Whoever takes it out, check that you are named as an insured on the policy and which excess is at your expense.
Why is my public and employers' liability insurance (AVB) not enough?
The AVB covers damage you cause to third parties, but not the structure itself. If your half-built structure blows over, there is no injured third party and therefore no liability: it is your own work that is damaged. Only the works section of the CAR policy pays for that. The two policies complement each other; they do not replace each other.
Is theft of building materials from the site covered?
Materials already incorporated in the works are usually covered. For materials not yet incorporated and for tools, stricter conditions apply, often with a requirement about lockable storage, fencing or lighting. If those are not met, the claim will be rejected. We go through the risk prevention conditions with you before work starts, because they cannot be met after the event.
Do I choose a single-project or a continuous CAR policy?
If you carry out a large works occasionally, a single-project policy running exactly over the construction time is the right fit. If you have several works in hand continuously, a continuous contract policy is simpler: every works below a certain contract sum falls under it automatically, without separate notification. Above that limit you still report the project separately.
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.
