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Professional indemnity insurance (BAV) through Allianz
With a professional error nothing is broken and nobody is hurt: there is only a client who loses money because you made a mistake, and that is precisely the type of loss your public and employers' liability insurance (AVB) excludes.
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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
Professional indemnity insurance (BAV) covers pure financial loss: financial detriment that arises without property damage or injury. Think of an incorrect calculation, a missed deadline, advice that fell short or a design that did not meet the standard. The legal basis is the failure to perform the engagement and the duty of care of a reasonably competent and reasonably acting professional.
Unlike the AVB, this product almost always operates on a claims-madebasis: what matters is the moment the claim reaches you and is notified, not the moment you made the mistake. That makes prior acts cover and run-off cover the key points in every quotation. Without prior-acts cover, work done before the start date remains uninsured. Without run-off cover, the cover stops when the policy ends.
We compare on those two points, on the description of your insured capacity and on whether repair costs and liability arising from guarantees are excluded. See also our page on professional indemnity insurance.
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We compare your professional indemnity insurance (BAV) across dozens of insurers, explain where the real differences lie, and arrange the switch from start to finish — without you having to chase it yourself.
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Professional indemnity 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?
- Profession and type of work. Structural calculations, tax advice and construction supervision have a different claims frequency from drawing work on site.
- Annual turnover from advisory hours. Turnover from work in the insured capacity is the usual basis of calculation for this product.
- Length of the retroactive period. The further back the retroactive date runs, the more old projects fall within the cover and the higher the premium.
- Sum insured per claim and per year. Alongside the amount per claim, the annual maximum counts, and that is the first limit to bite in series claims.
- General terms and conditions used. A workable limitation of liability in your terms of business noticeably reduces the expected claims burden.
- Area of operation and applicable law. Work outside the Netherlands brings other law and other concepts of loss than the policy assumes as standard.
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.
Claims made makes the date of notification decisive
If your client notifies a mistake from an earlier project during the current year, there is cover only if your policy has prior acts cover going back to before that date. If you switch insurer, the retroactive date on the new policy must join up with the start date of the old one. If a gap appears there, that work falls between two stools. Article 7:941 DCC also requires you to notify a claim as soon as possible.
Your insured capacity determines what counts as a professional error
The policy covers errors within the insured capacitydescribed on the policy schedule. If you expand from drawing work to construction supervision, from bookkeeping to tax advice or from installation to engineering, that new work is not automatically included. With this product that description is the most common reason for a claim being declined, and it is at the same time the easiest thing to put right: a message to us is enough to have it amended.
Known circumstances and the duty of disclosure
If you already knew when taking out the policy about a file that was in danger of going wrong, that is a circumstance you must report. Article 7:928 DCC sets out that duty of disclosure and Article 7:930 DCC governs what happens if it has been breached: the insurer may reduce or refuse payment. So report borderline cases to us as a circumstance, even if there is no claim yet.
What is not reimbursed
Excluded are redoing your own work and the fee you have to repay, liability arising solely from a a guarantee or penalty clause that goes further than the law, and intent or wilful recklessness, which is dealt with in Article 7:952 DCC. Property damage and injury do not belong here but on the public and employers' liability insurance. Fines imposed by regulators also remain outside the cover.
Frequently asked questions
This is what people ask us most.
What is the difference from public and employers' liability insurance (AVB)?
The AVB covers damage to property and to people. The BAV covers financial loss without anything being broken or anyone being hurt. If your fitter drops a machine, that is AVB. If your engineer designs a structure too light and the work has to be altered, that is BAV. Anyone who both carries out work and advises needs both policies.
I am closing my business. Does my cover then end?
With claims made, cover stops on the end date, while claims about old work can still come in afterwards. Run-off cover exists for that purpose, allowing claims relating to the insured period to be handled for a further number of years. Arrange it before the policy ends: buying it afterwards is usually no longer possible, or considerably more expensive.
I suspect a mistake but there is no claim yet. What do I do?
Report it to us as a circumstance. A circumstance reported in time is allocated to the policy year in which you reported it, even if the claim only arrives years later. Without that notification, a later claim can fall outside the cover because you were aware of the circumstance at renewal or when switching. A notification is not an admission of liability and usually has no effect on the premium.
Will the insurer pay the cost of redoing my work?
No. The cost of repairing, altering or redoing your own performance is excluded, as is repaying your fee. What is covered is the further loss your client suffers: delay costs of third parties, extra material, lost income in so far as it is attributable to your mistake. Defending an unfounded claim also falls under the policy.
Every situation is different. For these situations we have a separate page.
- Compare professional indemnity insurance (BAV)The main page
- Professional indemnity for self-employed professionalsPure financial loss, claims made, run-off
- Professional indemnity insurance through Hienfeld
- Professional indemnity insurance (BAV) for self-employed professionalsProfessional error, financial loss, claims made
- Professional indemnity or public and employers' liability: which do you need?Professional error, pure financial loss, claims made
- Professional indemnity insurance (BAV) for an educational consultancyPure financial loss, claims-made, retroactive and run-off cover
- Professional indemnity insurance for self-employed professionalsBAV, financial loss, claims made
Read more
Also relevant
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.