Hard-to-place risk · warranty clauses · survey
Insuring business contents and trading stock through De Vereende
A thatched roof above a workshop, storage of batteries, or three burglaries in two years: the mainstream market walks away from files like these. The question is then not whether it becomes more expensive, but on what terms cover is still available.
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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.
In brief
Not every business risk finds a home on the ordinary market. A fire-hazardous process, premises of unusual construction, storage of substances that do not appear in standard tariffs or a series of losses in a short period: that is when a specialist provider such as De Vereende comes into the picture. Finass compares the offering of more than thirty companies objectively and only takes this route once the ordinary route is exhausted. You can read the general product explanation on the hub business contents insurance.
What works differently on files of this kind is the acceptance. Each case is assessed individually, often on the basis of an extensive questionnaire and a survey on site. The outcome is not a standard policy but a policy with warranty clauses: firm undertakings about prevention, compliance with which is a condition of cover. Think of a periodic inspection of the electrical installation, a ban on storing flammable material against the outside wall, a compulsory alarm of a given grade with response, or a permit procedure for hot work.
The difference between an clause and a exclusion is decisive here. An exclusion names a cause that is never covered. A clause names an obligation on your part. If you fail to meet it and that is connected with the loss, payment for that event lapses, even if the cause in itself was covered. Anyone who does not close a roller shutter where the policy requires it has no discussion about burglary cover after a break-in, but about the clause.
This page deals with one situation. The full overview is on Compare business contents insurance.
What to look out for
Four points that make the difference on a hard-to-place risk.
Prevention requirements become firm obligations
The usual clauses deal with the inspection of electrical and heating installations, with storing waste and pallets away from the building, with shutting off gas cylinders after working hours and with charging batteries in a designated, separate place. Assess in advance whether you can genuinely comply on a busy day. A clause that only works on paper is an exclusion in disguise.
Your claims history belongs fully on the table
Declare all losses, including small and unclaimed ones, and state whether an earlier insurer cancelled, refused or imposed a higher excess. Article 7:928 of the Dutch Civil Code requires you to disclose everything that matters for acceptance. If it turns out afterwards that something was missing, Article 7:930 of the Dutch Civil Code determines what is left of the payment.
Vacancy and changing use
If part of the premises stands empty, is let temporarily to someone else or production is at a standstill for a few months, the risk changes substantially. Conditions often limit cover during vacancy to fire and storm and drop burglary and water damage. Report every change in use, tenant or purpose in advance and in writing.
The cover becomes narrower, not wider
Tailored acceptance rarely means a wider policy. Here too, cash, motor vehicles and third-party property not covered, nor is inherent defect, wear and tear and gradual deterioration. Damage caused by intent or recklessness by the insured falls under Article 7:952 of the Dutch Civil Code, and flooding from a primary flood defence, war risks and nuclear reaction remain excluded everywhere.
What does your premium depend on?
- Nature of the process: fire, dust, solvents or battery storage weigh heavily
- Construction type and roof covering: thatch, timber or sandwich panels with a flammable core
- Claims history and frequency: the number and nature of events per year
- Implementation of prevention measures: what has actually been changed after the survey
- Use and vacancy: fully operating, partly let or temporarily idle
- Excess and scope of cover: a higher excess sometimes makes acceptance possible
Insurers weigh these details differently. That is where your saving is.
What is covered
| Situation | Clauses complied with | Clause not complied with |
|---|---|---|
| A fire spreads overnight from the waste containers beside the outside wall | Yes | No |
| A burglary outside working hours in which the entire stock of tools disappears | Yes | No |
| A gas cylinder in the workshop explodes during welding work | Yes | No |
| A storm lifts a roof light and rainwater damages the stock beneath it | Yes | Yes |
| The stock in the freezer room spoils because of a two-day power cut | Provided that | Provided that |
| A member of staff drops a machine while moving it | No | No |
Record for each clause who carries it out and where the evidence is kept. Without a logbook the right-hand column is the starting point when a loss occurs.
Frequently asked questions
This is what people ask us most.
When is a specialist provider the right route?
Only after the ordinary market has been tried. As long as a mainstream insurer is willing to carry the risk, that is usually the better outcome on terms and premium. So we first approach the market broadly and record the refusals. If the risk turns out not to be placeable, a policy with heavy clauses is better than no cover at all on your business contents and stock.
What happens if I have not complied with a clause?
The insurer assesses whether the failure is connected with the loss. If the alarm was not switched on during a burglary, that connection is clear and payment lapses. If an inspection report was missing while the premises were hit by lightning, the position is different. So document what you do: inspection reports, logbooks and photographs of the situation.
Can I move back to a mainstream insurer later?
Yes, and that is usually the aim. A number of no-claims years, a prevention plan carried out and a documented maintenance regime make a risk open to discussion again. We check periodically whether the market has changed or your situation has improved sufficiently, and then approach the market broadly again.
Is my stock valued differently here?
No, the basis of value does not change because of the acceptance route. Business contents go at replacement value as new, with market value for older items or items taken out of use, and trading stock at purchase or cost price plus the costs you have already put into it. Article 7:960 of the Dutch Civil Code forbids a loss from leaving you better off.
Read more
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