What we do not do
- No credit or factoring
- No financing advice
- No brokerage or application
Please note: borrowing money costs money · cash flow · professional indemnity
Business services: financing and insurance
We provide insurance; we do not finance and do not act as an intermediary in finance. What we do here is explain what a service provider should look for in finance, and which risks in this sector really do call for cover.
- several insurers compared objectively
- 9.5 customer rating for a new policy
- AFM licence 12016589
- Personal 072 - 509 24 56, weekdays 9–17
Deze pagina in het Nederlands: Zakelijke dienstverlening: financieren en verzekeren.
Calculate your premium or request a quote
Without obligation; a reply within one working day.
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 your own premium with the calculator.
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- 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.
In brief
Please note: borrowing money costs money. A consultancy, IT service provider or interim management firm pays interest and costs too. For consumer credit the annual percentage rate (APR) sums those up in a single comparable figure; for business credit that is not compulsory. So compare on the total costs over the term, converted to an annual basis.
Finass Verzekert holds an AFM licence for non-life insurance. Credit falls under a different licence category: we do not provide finance, do not advise on it and do not act as an intermediary in it.
In business services the value lies in people, knowledge and data, not in machinery or stock. Lenders find little security there and look mainly at cash flow, work in progress and debtors. The biggest risk is correspondingly different: a professional error or a data breach, and not a fire in the building.
Who does what?
How the roles are divided between our firm and the party providing the finance.
What to look out for
The points that determine the price and the risk.
- Total costs on an annual basis
- Security and a personal guarantee
- Whether the facility can be terminated
What we do provide
The risks that actually occur in this sector.
- Professional indemnity and public and employers' liability
- Cyber and data breaches
- Legal expenses and business interruption
What is covered
| Situation | At Finass Verzekert | With the licensed provider |
|---|---|---|
| Advice on the form of finance and the term | No | Yes |
| Assessing cash flow, debtors and security | No | Yes |
| Recording a pledge and a personal guarantee | No | Yes |
| Professional indemnity for a mistake in advice or design | Yes | No |
| Cyber cover for a data breach or ransomware | Yes | No |
| Legal expenses cover for contract and debt collection disputes | Yes | No |
What is actually covered, including exclusions and the excess, is set out in the policy conditions and the insurance card (verzekeringskaart).
Where things go wrong in practice
Four points that determine whether a service provider survives a claim or a cash gap.
Little security often means a personal guarantee
A service provider has no stock and rarely any property. Lenders compensate for that with a pledge over the debtors and with a a personal guarantee from the shareholders. That guarantee normally stays in place until it is expressly withdrawn, even after you sell your shares. Have the wording of the guarantee and its duration reviewed before you sign.
The biggest claim comes out of your own work
Wrong advice, a mistake in a design or a missed deadline leads to pure financial loss for your client. An ordinary public and employers' liability policy covers injury and property damage, but precisely not that financial loss; for that you need a professional indemnity insurance . Fines, redoing your own work and liability you took on by contract without the law imposing it normally remain excluded.
Data and access are your biggest business asset
Ransomware, a hacked mailbox or a file sent to the wrong address hits a service provider harder than a fire. A cyber insurance normally covers restoration, forensic investigation, notification duties under the GDPR and liability towards clients. It is almost always a condition that you have taken basic measures, such as multi-factor authentication and working back-ups; if those are missing, cover may lapse.
No business interruption cover without material damage
A business interruption policy pays out only after covered material damage, such as fire or water damage. If your turnover falls away because a large client stops, because a key employee is off sick or because a system is down without any physical damage, that cover does not apply. Separate solutions are needed for people being unavailable and for cyber outages; we assess those case by case.
What to look out for when comparing
- Total cost of credit — on an annual basis, not per instalment
- Security — a pledge over the debtors, a personal guarantee
- Cancellation terms — term and covenants
- Capacity stated on the policy — does your description cover all your work
- Contract terms — the limitation of liability in your terms and conditions
- Digital security — a condition of cyber cover
This overview is general in nature and is not personal advice.
How it works
- You choose a lender yourselfThat party assesses cash flow, debtors and security independently.
- You add up all the costsInterest, commission and costs, converted to an annual basis.
- You have the personal guarantee reviewedIts duration, its maximum and the conditions for getting out of it.
- We arrange the insuranceProfessional indemnity, cyber, legal expenses and business interruption.
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.
Frequently asked questions
The questions we are asked most often about this.
Does Finass Verzekert act as an intermediary in business finance?
No. Our AFM licence covers general insurance; credit falls under a different category. We do not provide finance, do not advise on it and do not act as an intermediary in it. We do arrange the professional indemnity and public and employers' liability, cyber, legal expenses and business interruption cover that a service provider needs.
Why does a lender ask me for a personal guarantee?
Because a service provider has few assets that can be pledged. Without stock, machinery or property there is little security to establish, so the focus is on the debtors and on the shareholder himself. A personal guarantee makes your private assets liable. Always ask about the duration, the maximum amount and the conditions on which you are released.
Do I need professional indemnity as well as an AVB?
In business services, almost always. An AVB covers injury and property damage; the typical claim in this sector is pure financial loss arising from advice, a design or an omission. That falls under professional indemnity insurance (BAV). Make sure the capacity stated on your policy covers all the work you actually do.
What does an insurer require for cyber cover?
Normally a number of basic measures: multi-factor authentication, up-to-date software, a working back-up that has been tested for restoration, and a procedure for incidents. Those requirements are in the policy conditions or in a questionnaire with the application. If you do not meet them, the insurer may reduce or refuse payment, even if you answered the questions in good faith.
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A service provider with a claims risk?
We check your capacity, your contract terms and your cyber cover.
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 written and checked by an adviser at Finass Verzekert. Last updated on .
The information on this page is general in nature and is not personal advice.