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 business contents of a gym consist almost entirely of equipment: cardio machines with electronics and screens, weight stations, barbell racks, free weights, spin bikes and the mirror and rubber floor finishes. There is hardly any trading stock, at most a shelf of drinks and care products. As a result this insurance turns almost entirely on the business contents item and on the question of which events do and do not count as damage.
The pivot is the distinction between wear and tear and a sudden event. A treadmill whose motor gives up after years of use, a fraying cable or upholstery that tears is maintenance and not damage. Fire, water damage from a burst pipe and burglary with signs of forced entry are. The second pivot is the opening arrangement: many clubs are accessible unstaffed outside office hours with a pass or tag.
Never more than the actual loss is paid (Article 7:960 of the Dutch Civil Code). Structurally excluded remain wear and tear and deferred maintenance, members' belongings in the lockers, money from the till or vending machine, and damage caused by members themselves without forced entry. Unstaffed opening that you have not declared touches on Article 7:928 of the Dutch Civil Code and its consequences in Article 7:930 of the Dutch Civil Code.
What does business contents insurance cover for gyms?
The structure of the cover in three parts, with an overview per situation below.
Your business assets
Business contents
Machinery, equipment, furniture and fixed fittings.
At replacement value as new
Fire, water and burglary
Tenant's improvements separately
Stock
Goods
Trading stock, raw materials and finished products.
Purchase value or cost price
Declare seasonal peaks
Spoilage as an extension
Optional
Extensions
What is excluded as standard.
Third-party property
Money and securities
Business interruption
What is covered
Situation
Business contents
Goods
Fire and smoke damage
Yes
Yes
Burglary with signs of forced entry
Yes
Yes
Water damage from a burst pipe
Yes
Yes
Customers' property being worked on
No
No
Spoilage due to refrigeration failure
Sometimes
Sometimes
Wear and deferred maintenance
No
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.
Wear and tear is not damage, and here that affects almost everything
Machines in a club run for hours a day under varying loads. Cables fray, bearings run hot, treadmill motors and upholstery fail. Those items fall under wear and tear and deferred maintenance and are covered on no business contents policy. What does count is a sudden external event. Keep a maintenance and inspection log for each machine: where there is doubt, that determines whether a loss is treated as sudden or as worn out.
Unstaffed hours are an acceptance question
If your members train with a pass or tag outside staffed hours, the risk differs from a club with permanent supervision. Theft and vandalism then happen without signs of forced entry, and forced entry is precisely the condition for cover in most policies. So report the opening arrangement and the access system in advance. Insurers often set requirements here for camera surveillance, lighting and locking the room with the till and office.
Heavy equipment mainly damages the building
A barbell set dropped on the floor, a weight station sinking through the screed or a mirror wall that breaks: the damage is then not to your own equipment but to the building. If you rent the space, the rubber floor, the partition wall or the mirror you had installed yourself is tenant's improvements and you declare it separately. Damage to the landlord's shell runs through the buildings insurance and your liability as a tenant.
What is not included
Outside the cover remain the bags, phones and keys members put in a locker, the money in the till and vending machine, and wilful damage to equipment by visitors where no forced entry has been established. Injury to a member from a faulty machine does not belong here either: that is a matter for your public and employers' liability insurance, where the maintenance log is once again your most important document.
What does your premium depend on?
Sum insured for equipment and gym fit-out. Cardio with electronics counts for more than free weights. The replacement value of the complete gym is the basis.
Opening arrangement and access control. Unstaffed hours with a pass or tag are assessed differently from a club open only with staff present.
Floor area, construction type and compartmentation. A large open room in an industrial unit weighs differently from several smaller spaces with fire separations.
Ancillary facilities. A sauna, sunbeds, a catering corner or a class studio with sound and lighting bring their own fire risks.
Security. An alarm with a monitoring centre connection, camera surveillance and how the office and till are locked separately.
Tenant's improvements, extensions and excess. Floors, mirrors and walls you installed yourself, plus choices such as glass cover and the level of the excess.
Insurers weigh these details differently. That is where your saving is.
How we arrange it
You request a quoteWe take stock of your situation, your risk and your 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.
Is a frayed cable or a broken treadmill motor covered?
No. That is wear and tear and it falls outside the cover on every business contents policy, regardless of the age of the machine. What is insured is damage from a sudden external event, such as fire, water damage or burglary. Replacing parts that wear out through normal use belongs in your maintenance budget. A log for each machine helps to make that boundary demonstrable when you report a claim.
We are open unstaffed at night; is theft insured then?
Only if you declared it in advance and the insurer accepted it on that basis. Standard conditions usually require signs of forced entry, and there are none if someone comes in with a valid pass. With unstaffed opening, insurers often set requirements for cameras, access records and locking the office and till separately. Without notification you risk cover lapsing.
Are members' belongings in the lockers included?
No. What members bring with them is not your business contents. If something disappears from a locker, you would at most be approached as the liable party, and liability policies usually exclude items in your care, custody and control. State in your house rules who carries the risk and consider lockers with their own lock operated by the member.
Is damage to the gym floor covered by my policy?
That depends on who installed the floor. If you laid the rubber or synthetic floor yourself in rented premises, that is tenant's improvements and belongs on your own insurance, provided you declared it as such. If the floor was already part of the premises, it is the owner's buildings insurance. Individual impact damage from weights is often excluded.
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.
