Liability
- Cables and pipes
- Damage to buildings
- Injury to bystanders
Insuring a Komatsu
Komatsu plant is often used on large infrastructure projects with machine control on board, and that brings two pitfalls: removable GPS equipment and the mistaken belief that the project policy covers your machine.
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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 situation
- 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
Komatsu supplies earthmoving plant that in the Netherlands is widely used on tendered infrastructure projects: road widening, dyke reinforcement, site raising. On that kind of work the machine is rarely bare. It carries 3D machine control, with receivers, a display and sometimes a base station. That equipment can be removed, is expensive and is attractive to thieves, and it is not automatically part of the insured value of the machine.
The second point arises at project level. Clients work with a Construction all risks (CAR) insurance for the works. That covers the works under construction, not your plant; construction plant is excluded as standard or included only under a separate section. Check for each project whether a plant section has been taken out and whether you are named in it, rather than assuming so.
If cover does run under two policies, you will not be paid twice for the same loss. The principle of indemnity in Article 7:960 of the Dutch Civil Code prohibits you from being better off; insurers settle between themselves who bears the cost.
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Komatsu: what is covered?
The structure of the cover in three parts, with an overview per situation below.
Own-damage cover
Damage to and theft of the machine, including inherent defect.
- Theft and vandalism
- Fire and storm
- Inherent defect and operating error
Downtime and transport
What comes into play with breakdown and transport.
- Business interruption during downtime
- Transport to the site
- Hired plant
What is covered
| Situation | Covered |
|---|---|
| Theft from the building site | Sometimes |
| Fire and storm damage | Yes |
| Inherent defect in the hydraulics | Sometimes |
| Damage to cables and pipes | Sometimes |
| Normal wear and tracks | No |
| Damage due to deferred maintenance | 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?
- Replacement value including machine control. The machine plus the equipment you have listed separately on the policy.
- Removable GPS equipment and base stations. Detachable components are assessed separately and often carry their own excess.
- Project use and specification requirements. Liability accepted by contract may fall outside the policy conditions.
- Area of cover. Work solely in the Netherlands or beyond it, temporarily or as a matter of course.
- Storage at the project site. Plant left standing on a site for weeks is a different risk from daily return to base.
- Claims history and excess. The number of claims per year and the amount you bear yourself 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 situation, your risk and your 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.
Machine control only counts if it has been declared
GPS receivers, displays, rovers and base stations can be removed and disappear more often than the machine itself. Insurers treat them as separate items with their own value and sometimes a separate excess. If the equipment is not on the policy, there is no cover when it is stolen from the cab, even where the machine is generously insured. Declare the make, type and number, and report it when equipment is moved between machines.
The project's CAR policy is not plant insurance
A construction all risks (CAR) policy covers the works under construction and, depending on the sections, liability and existing property. Construction plant falls outside it as standard, unless a plant section has expressly been taken out in which your machines are named. Ask for the policy schedule or an extract for each project. If you assume it has been arranged and it turns out otherwise, you are left empty-handed after a fire or theft on site.
Specification requirements can determine your cover
Tendered works impose obligations on liability limits, waivers of recourse and including the client under the cover. Such provisions can go further than your policy allows: liability accepted by contract that you would not have had without the contract is excluded under many conditions. Compare the specification with your policy conditions before you sign, and have any departures confirmed in writing by the insurer rather than assuming them.
Area of cover and working across the border
Plant policies have a defined territorial scope. If you take on work just across the border or a machine goes temporarily to a project abroad, that is a change in risk which you must report. Without notification, cover may be missing there, even for a loss that would be insured without question in the Netherlands. The same applies to prolonged storage at a project site rather than at your own premises.
Repairs and parts
The dealer network is smaller, which means longer delivery times for specialist parts.
Acceptance differs per insurer
Not every company applies the same policy for this make. With unusual versions, the question is not what it costs but who will accept it.
Frequently asked questions
This is what people ask us most.
Is my 3D machine control included in the cover?
Only if it appears separately on the policy. Receivers, displays and rovers are detachable and are assessed as independent items, often with a separate excess. If the equipment is stolen from the cab while it has not been declared, there is no cover. Report it as well when you move equipment between machines.
Does the project's CAR insurance cover my machine?
In principle no. A CAR policy covers the works under construction; construction plant falls outside it as standard unless a separate plant section has been taken out in which your machines are named. Ask for the policy schedule for each project and check it, rather than assuming that the main contractor has arranged it.
Will I be paid twice if two policies provide cover?
No. Article 7:960 of the Dutch Civil Code provides that general insurance may not leave you in a clearly better position. Where policies overlap, insurers settle between themselves who bears which part. Report a loss to both parties, therefore, and let them sort it out; choosing yourself which policy to claim on only causes delay.
May I work across the border with the machine?
Only within the territorial scope stated in the policy. Work just across the border or a temporary deployment on a foreign project is a change of risk that you must report in advance. Without that notification, cover may be missing there, even for a loss that would have been insured without argument in the Netherlands.
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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.