Liability
- Damage to third parties
- Employers' liability
- Care, custody and control as an extension
Insurance for SMEs
For an SME the question is not which policies exist, but in what order you take them out and how much you put where.
- 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.
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
The order is the same for almost every business and follows from what you cannot carry yourself. Liability first: injury claims are calculated over the rest of the victim's life — loss of earning capacity, domestic help, adaptations, damages for pain and suffering: and that bill takes no account of your turnover. It is the only loss that can end a healthy business in one go, and therefore the first policy.
Then continuity: your business contents, your stock and the loss of turnover when you cannot produce or supply for a period. The sum insured for business contents is replacement value as new, stock goes at cost price, and business interruption cover works with gross profit over an indemnity period you choose yourself. Anyone who cuts that period too fine only finds out while waiting for a permit or a delivery.
Staff last: during sickness you carry two years of continued wage payment plus the cost of a replacement and reintegration, and under Article 7:658 of the Dutch Civil Code you carry a duty of care for the safety of the workplace. You can take those three layers out separately or bring them together; how the latter works is set out on the page about the SME package. If you work without staff, the emphasis shifts to professional indemnity insurance.
Insurance that matches your sector
Every sector carries its own risks. We translate those into cover that genuinely fits what you do day to day, rather than a standard package that just happens to apply to your business too.
SectorsPhoto coming soon
TailoredPhoto coming soon
CoverPhoto coming soon
What does insurance for SMEs cover?
The structure of the cover in three parts, with an overview per situation below.
Assets and continuity
Business contents, goods and lost turnover during downtime.
- Business contents at replacement value as new
- Goods at cost price
- Business interruption or additional costs
Staff
Sickness absence, accidents and the traffic risk.
- Continued pay for 104 weeks
- Group personal accident
- WEGAS for traffic risks
What is covered
| Situation | AVB | BAV | Cyber |
|---|---|---|---|
| Injury to a visitor or customer | Yes | No | No |
| Damage to a client's property | Sometimes | No | No |
| Financial loss caused by an advisory or calculation error | No | Yes | No |
| Downtime after a ransomware attack | No | No | Yes |
| Data breach involving personal data | No | Sometimes | Yes |
| Damage to property in your care | No | 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.
What does your premium depend on?
- Sector and activities. The description of your activities drives the risk class; working at height, with naked flames or at third-party sites weighs more heavily than office work.
- Annual turnover and payroll. Both are the basis of calculation for the liability premium and are adjusted after the year end against the actual figures.
- Number of employees and agency staff. Agency workers, self-employed professionals and trainees count too; undeclared hired-in labour leads to an additional charge or an argument about cover when you claim.
- Sum insured per section. The choice between a lower and a higher liability limit, and the replacement value as new of business contents and stock, determine the premium directly.
- Excess. A higher excess per event reduces the premium, but only makes sense if you can carry those costs out of working capital.
- Claims history and prevention. Notifications in recent years count, as do demonstrable measures such as certified burglary protection or a workplace risk assessment (RI&E).
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.
Choose the sum insured according to the risk, not your turnover
The most common mistake is matching the sum insured to the size of the business. A sole trader working at a client's home can cause the same injury as a business with fifty staff. Clients also often require a minimum sum per claim and per insurance year; watch that second figure, because two claims in one year can together hit the annual limit while each claim on its own falls within it.
Underinsurance creeps in quietly, between two valuations
You insure business contents at replacement value as new. If you buy extra machines over the years without adjusting the sum, payment is made proportionally when you claim: if two-thirds is insured, you get two-thirds of every loss: including a small one. An index clause absorbs price rises but not additions to your assets. Go through the figures every year and report building work or a major investment straight away.
Pure financial loss falls outside liability insurance
An AVB covers damage to property and injury to people. If your mistake only costs the client money (a wrong calculation, a missed deadline, advice that was incorrect) then nothing is damaged and the AVB does not pay. Service providers, advisers and designers also need professional indemnity insurance. If you do both, hands-on work and advice, you need the two policies alongside each other.
Other people's property in your care is excluded as standard
Everything you repair, work on, transport, hire or hold in safekeeping falls under the care, custody and control exclusion and is therefore excluded from cover. That hits precisely the businesses that work with other people's things every day. Care, custody and control cover is a separate extension with its own, usually limited, limit. Take stock of what belongs to third parties on your premises on an average day and match that limit to it.
Frequently asked questions
This is what people ask us most.
Which policy should I take out first?
Liability. Injury claims are calculated over the rest of the victim's life and bear no relation to the size of your business. It is the only loss that can end a healthy business at a stroke. Clients also almost always require liability insurance with a minimum sum by contract before you are allowed to start work.
What happens if my business contents are insured for too little?
The insurer then pays proportionally. If two-thirds of the actual replacement value as new is insured, you receive two-thirds of every loss, even on a small claim. An index clause keeps the sum in step with price rises, but does not correct for machines you bought later. Go through the figures every year.
Do I need professional indemnity insurance (BAV) as well as an AVB?
If your work also involves advice or design, yes. The AVB covers property damage and injury. A mistake that only costs the client money is pure financial loss and falls outside it. Businesses that both carry out work and advise need the two alongside each other, because when there is doubt each policy points to the other.
Are my staff insured if they have an accident on the road?
Not on the liability policy, which excludes damage with or by motor vehicles. Even so, as an employer you can be liable for loss your employee suffers on the road during work. WEGAS cover exists for that. Commuting is usually outside it; check on each policy how the boundary is worded.
Every situation is different. For these situations we have a separate page.
- Business interruption insurance by sectorThe main page
- Insurance for the justice and enforcement sectorLiability, staff, property
- Insurance for engineering, manufacturing and constructionThree sectors, overlap, differences
- Insurance for the rail sectorCertification, taking out of service, consequential loss
- Insurance for scaffoldersErection, inspection, use by third parties
- Insurance for research institutionsEquipment, experiments, liability
- Liability for small businessesSum insured, care, custody and control, staff
- Liability insurance for self-employed professionalsClient requirements, private assets, sum insured
- Insurance for staff and employmentSickness absence, WGA, road risk
Insurers we compare
A selection. Which insurers appear in your comparison depends on your situation and the cover you choose.
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. Last updated on .
The information on this page is general in nature and is not personal advice.