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
Your liability revolves around information. The number of square metres you state must be determined in accordance with the measurement instruction based on NEN 2580; if that is wrong, the buyer can claim the difference. That is pure financial loss: nothing is damaged and nobody is injured, but too much has been paid. Ordinary public and employers' liability insurance excludes that, so you need professional indemnity cover.
You also have a duty of disclosure about defects you knew of or, as a professional, ought to have known of. The buyer's duty to investigate does not remove it. The two exist side by side. If you deliberately conceal something, that is no longer a mistake but intent, and Article 7:952 of the Dutch Civil Code keeps that outside the cover.
Also outside the policy: your commission that a client reclaims, a fall in value due to the market, fines, and damage to homes whose keys you hold. The latter you have in your care and that is excluded as standard. See also liability in property.
The structure of the cover in three parts, with an overview per situation below.
The basics
Liability
AVB for property damage and injury, BAV for professional errors.
Damage to third parties
Employers' liability
Care, custody and control as an extension
Your business
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
If you employ people
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.
Where things go wrong in practice
Four points that make the difference between a policy that pays out and one that does not.
Floor area is a claim in its own right
The measurement instruction sets out how usable floor area is determined: which rooms count, which do not, and how sloping roofs and storage areas are treated. If your figure departs from it, that is a measurable error with no room for judgement. Have measurements taken by a party that works to the instruction, keep the measurement report in the file and state in your texts what the figure is based on.
What you ought to have seen as a professional
The buyer has a duty to investigate, but that does not remove your duty of disclosure. Visible cracking, damp patches, an extension that looks irregular or a roof in poor condition: if you ought to have noticed that as a professional and did not report it, it is for your account. Record for each viewing what you observed, what the seller said and what you passed on. Refer to a structural survey where you cannot judge matters yourself.
Valuing is a different capacity from acting as agent
In agency work your client is the person instructing you. In a valuation a third party also relies on it: the lender that grants credit on the basis of your figure. If the value turns out not to hold up, that lender can hold you liable. On many policies valuation work is a separate capacity, which you have to have included expressly. If you do both, check that both are on your policy schedule and up to what sum.
Keys mean responsibility
If you hold the keys to an empty home, hold an open house or let viewers walk around, you have those premises temporarily in your care. If there is a leak, theft or vandalism, that is one of the standard exclusions on liability insurance. Ask for care, custody and control cover, keep track of who was given which key, and agree with the owner who arranges supervision and insurance while the property is empty.
What does your premium depend on?
Type of agency work. Residential, commercial property or agricultural work produce a very different claims picture.
Valuations or not. Valuation work also affects lenders and is therefore assessed as a separate and heavier risk.
Number of transactions per year. More files means more moments at which a statement or a disclosure can go wrong.
Key holding and empty properties. Managing properties with no occupants brings a care, custody and control risk that is weighed separately.
Sum insured and retroactive cover. A sale from years ago can still produce a claim today; retroactive cover determines whether it counts.
Number of employees. You are liable for the mistakes of your staff under Article 6:170 of the Dutch Civil Code.
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.
Often yes. The measurement instruction based on NEN 2580 is a standard against which your figure can be tested objectively. There is little room for judgement. If the actual usable floor area differs, the buyer can claim the loss. Have measurements taken to the instruction, keep the report and state in the brochure what the figure is based on. That reduces both the chance of a claim and its size.
Is my valuation work automatically covered?
Not automatically. The policy states a described capacity, and agency work and valuation are often listed separately, each with its own sum insured. If you do both, have it checked that both are on the policy schedule. With valuations a lender can also hold you liable, and those claims run up to the difference between the value assessed and the value realised.
The seller concealed a defect from me. What then?
That helps you, but it does not release you from your own duty to observe. What you ought to have seen as a professional remains your responsibility. What the seller actively concealed and you could not reasonably have noticed is for their account. That is why the questionnaire the seller completes and signs matters: keep it, with the date, and note what you observed yourself.
Is damage in an empty home whose key I hold covered?
Not as standard. Property in your care falls under the care, custody and control exclusion, and that includes premises for which you hold the keys. A leak, theft or vandalism while the property is empty cannot then be claimed on your liability insurance. Ask for care, custody and control cover and agree with the owner who keeps the buildings insurance in place while the home is empty.
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.
