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 an installation business consists of press tools, core drilling equipment, welding and soldering equipment, measuring and test equipment such as leak detectors, insulation testers and thermal imaging cameras, plus the fit-out of the workshop and stores. The goods are pipework materials, copper, cable, fittings and appliances in stock. The catch is that most of it is not at the business address on working days.
Business insurance covers the risk address stated. Tools in the van and materials you drop off at a customer's site in advance do not fall under it unless you include cover away from the address. That extension usually has tight conditions: demonstrable forced entry to the vehicle, sometimes a time window within which the cover applies and sometimes a maximum per event. Read that provision before you sign.
Not covered are theft from an unlocked or undamaged van, materials left unattended at a customer's site, wear and tear and inherent defect of tools, and the installation you fit yourself. A badly pressed joint and the leak that follows belong with the public and employers' liability insurance, not here.
What does business contents insurance cover for installation businesses?
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.
The van is the real risk address
Most installation tools disappear not from premises but from a van. Insurers know that and attach conditions to it: a certified tool chest, an alarm, parking on a locked site or in a garage outside working hours, and in some policies cover only during the day. Take out of the van what you can in the evening and record which machines stay in it permanently, including serial numbers.
Materials already delivered to the customer
Boilers, radiators, pipework and units are often delivered to the customer's site days before installation. As long as those items have not been handed over and paid for, they are yours, but they are not at your address and the customer has no cover for them. Arrange this in advance: set out in the order confirmation when the risk passes and include temporary storage in the policy where necessary.
Copper, cable and cordless tools attract thieves
An installation business's stock consists largely of immediately saleable material. That makes both the stores and the van attractive. Mark your machines, record serial numbers and keep the purchase invoices digitally. It speeds up claims handling and is often the condition for showing what has gone. Report theft within the period stated in the conditions and go to the police (Article 7:941 of the Dutch Civil Code).
What is not included
Outside the cover remain: the installation you fit and the consequential damage from an installation error, tools you hire or lend to someone else, wear and tear and inherent defect of machines, and money. A van that has not visibly been broken into also usually produces no payment. Work you carry out on a construction project may in addition fall under the Construction all risks (CAR) insurance of the main contractor.
What does your premium depend on?
Value of measuring, pressing and drilling equipment. Specialist equipment weighs more heavily than the size of the workshop.
Number of vans and where they stand at night. In the street, on a locked site or in a garage makes a difference to acceptance and premium.
Security of the vehicles. Certified chests, alarm, extra locks and tracking determine the conditions for cover away from the premises.
Stock of copper, cable and appliances. Immediately saleable material in the stores raises the theft risk.
Nature of the work. Domestic maintenance, commercial work or new-build projects produce a different pattern of storage on site.
Cover away from the address and the excess. The extension chosen for the van and customer sites, and the excess per event.
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.
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.
Only with an extension for cover away from the address, and even then subject to conditions. Many policies require demonstrable forced entry to the vehicle, apply a time window within which cover exists or set a maximum per event. Some insurers require the van to be in a locked space. Look up that provision. It is the most common disagreement with this policy.
Are materials I drop off at a customer's site covered?
Not automatically. They are not at your insured address, and the customer has no cover for property that is still yours. Include temporary storage on site in the policy, or set out in the order confirmation that the risk passes to the client on delivery. Without one of the two, you carry the risk yourself.
I pressed a pipe joint incorrectly. Does this policy cover that?
No. Business contents insurance is about your own property, not about the work you deliver. Damage at the customer's premises from an installation error is liability and runs through your public and employers' liability insurance. Watch there for the exclusion of the cost of putting right your own work: the water damage is paid for, re-pressing the joint usually is not.
What should I do after a theft from the van?
Report it to the police immediately and notify your insurer as soon as possible. That duty to notify is set out in Article 7:941 of the Dutch Civil Code. Provide a list of makes, types, serial numbers and purchase invoices, and photographs of the break-in damage to the vehicle. Without visible signs of forced entry and without evidence of what has gone, a payment is almost never made.
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.
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