What we do not do
- No credit advice
- No credit assessment
- A referral instead
Business credit: we refer you on
We provide insurance. We do not provide finance and do not broker it. Here you can read what to look out for with business credit, and which part of your file we do handle.
- several insurers compared objectively
- 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
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.
- 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
Please note: borrowing money costs money. Business credit takes many forms: an overdraft facility for working capital, a loan for an investment, leasing of business assets or factoring of your receivables. Each form has its own price and its own security requirements.
For consumer credit the annual percentage rate (APR) is required by law and makes offers comparable. The monthly payment does not. For business credit that requirement does not always apply. So ask expressly for the effective rate per year and for all additional costs, including the arrangement fee and management charge.
Finass Verzekert advises on and arranges non-life insurance under AFM licence 12016589. Finance falls under other licence categories. We refer you elsewhere for that. What we do is insure the risks your lender often requires as a condition.
Insurance never stands alone
A mortgage, loan or investment often touches your insurance too. We look at the bigger picture and point you to the right specialist whenever something falls outside insurance itself.
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Who does what with business credit?
The division of roles between us and the firm financing your business.
What to look out for
The conditions that determine your room for manoeuvre.
- Total cost of credit
- Security and guarantees
- Covenants
What we do provide
The insurance part of your business file.
- Liability
- Building and business contents
- Business interruption
What is covered
| Situation | At Finass Verzekert | With the licensed provider |
|---|---|---|
| Advice on the type of credit, the term and the security | No | Yes |
| Assessment of annual figures and forecasts | No | Yes |
| Recording a pledge or a personal guarantee | No | Yes |
| Insuring the building, business contents and stock | Yes | No |
| Public and employers' liability and business interruption | Yes | No |
| A policy the lender requires as a condition | Yes | No |
What is actually covered, including exclusions, limits and the excess, is set out in the policy conditions and the insurer's insurance card (verzekeringskaart).
What to look out for when comparing
- Effective rate per year: ask for it, because with business credit the APR is not always compulsory
- Total cost of credit: interest plus arrangement fee, management costs and administration costs together
- Security: a pledge over stock and receivables, a mortgage right or a personal guarantee
- Penalty-free repayment: ask in advance what early repayment or refinancing costs
- Conditions during the term: agreements about figures, ratios and information duties can limit your room for manoeuvre
- Licence and membership: check the provider and the adviser in the AFM register and with a disputes body
This overview is general in nature and is not personal advice.
How it works
- You decide what finance you needWorking capital, an investment or coping with seasonal peaks each call for a different form.
- You request full quotationsInterest, costs, security and conditions during the term on paper, from several providers.
- A licence holder assessesThat firm reviews your figures and records the security.
- We insure the risksWe align liability, buildings, contents and business interruption cover with your agreement.
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 on which business owners are caught out with finance.
Business credit has less statutory protection
The rules on credit information, the APR and assessment are written for consumers. For purely business finance they largely do not apply. So ask yourself for a full cost overview: interest, arrangement fee, management costs, early repayment costs and what happens if you miss an instalment. Set those documents side by side before you sign.
A guarantee reaches your private assets
Lenders often ask for a a personal guarantee or joint and several liability of the director and major shareholder. With a sole trader or a partnership your private assets are liable in any event. Read exactly what the guarantee covers and whether it lapses once the credit is repaid. That is not a given.
The lender requires insurance, but does not read the policy
The credit agreement usually states that the buildings, contents and sometimes business interruption must be insured, with the lender as beneficiary. Whether the sums insured are correct remains your responsibility. If they are too low, underinsurance follows and losses are paid proportionately. Also disclose changes in activities. The duty of disclosure of 7:928 DCC applies in full.
Our role is limited and we say so
We do not provide credit, do not broker it and recommend no lender. Where we refer you to an external party, a fee may be payable for that. You are free to choose for yourself. For your business insurance we are indeed your adviser.
Frequently asked questions
This is what people ask us most.
Does Finass Verzekert arrange business finance?
No. Our AFM licence covers general insurance; finance falls under other licence categories. We refer you to firms registered for it. What we do alongside the finance is the insurance part: liability, buildings, contents, stock, business interruption and the vehicle fleet, including the policy your lender requires.
Does the annual percentage rate also apply to business credit?
Not always. The statutory APR requirement is written for consumer credit. For business finance you have to ask for the effective rate per year and the additional costs yourself. Do that in the same way with every provider, otherwise you are comparing offers that are not comparable and choosing on the monthly payment.
Is my business application checked against the BKR?
Licensed providers consult the BKR for credit from 250 euros with a term longer than one month. For purely business finance the lender's own assessment weighs most heavily: annual figures, forecasts, security and your payment record. With a sole trader or a partnership, lenders usually also look at your private situation.
Why does my lender require particular insurance?
Because the security and the continuity of your business form its security. If the premises burn down or production stops, the source of repayment disappears while the debt remains. That is why almost every agreement contains an insurance obligation, often with the lender as beneficiary on the policy.
What happens if I cannot pay an instalment?
Tell the lender yourself and in good time. It can usually consider a deferral or an adjusted schedule with you. If you wait until the loan is called in, it can enforce its security and, where there is a guarantee, reach your private assets as well. Record every agreement in writing, even one made by telephone.
Every situation is different. For these situations we have a separate page.
- Finance: we refer you onThe main page
- Financing commercial property: we refer you onPlease note: borrowing money costs money, The lender requires insurance, Disclose letting
- Business finance: we refer you onNote: borrowing money costs money, APR, security
- A free business loan: what is true about itPlease note: borrowing money costs money, Hidden costs, No offer
- A business loan as a self-employed professional: we refer you onNote: borrowing money costs money, private and business, BKR
- A loan as a self-employed professional (zzp'er): we refer you onPlease note: borrowing money costs money, Private and business, BKR check
- Business finance: we refer you onNo advice, security, referral
- How much can I borrow?Please note: borrowing money costs money, APR, BKR check
- Refinancing a loan: we refer you onPlease note: borrowing money costs money, APR, Outstanding balance and term
Read more
Your business risks with us?
We compare several insurers on premium and conditions and check whether the cover fits your activities.
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. Last updated on .
The information on this page is general in nature and is not personal advice.