Liability
- Cables and pipes
- Damage to buildings
- Injury to bystanders
Insuring a Liugong
With a make that is little traded in the Netherlands, the question after a loss is rarely whether there is cover, but what figure the insurer puts on the table as the value of your machine.
- 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 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
LiuGong plant is bought above all for its purchase price. That is a defensible choice, but it works through into the policy. Insurers determine the payout on the basis of the market value or of a depreciation scale, and that calculation leans on what an equivalent machine costs on the Dutch market. For a make with few transactions that figure is not readily available, and therefore open to negotiation.
The second point is recourse. With makes that have a long-established importer, a manufacturing fault runs through the dealer network. With plant imported through changing channels, you first have to establish who counts as the producer in Europe. Article 6:185 of the Dutch Civil Code places product liability with the producer, and anyone importing a product from outside the European Union is treated as such.
Third, the paperwork. Plant built outside the European Union must be supplied here with a declaration of conformity and a manual in Dutch. If that is missing, it affects not only the machine but also your position as an employer.
Insurance never stands alone
A mortgage, loan or investment often touches your insurance too. We look at the bigger picture and point you to the right specialist whenever something falls outside insurance itself.
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Liugong: 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?
- Basis of valuation on the policy. Market value, an agreed valuation or a depreciation scale with an age limit.
- Year of manufacture and operating hours. Both determine the residual value and therefore the point at which repair is no longer worthwhile.
- Import channel and documentation. Supplied through a fixed importer or imported separately, and what paperwork came with it.
- Specification and modifications. Changes made after delivery alter the insured item.
- Type of work and site. Earthmoving, transhipment or hire each weigh differently in the assessment.
- Excess and total loss threshold. The percentage of the value above which the insurer no longer allows repair.
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.
Establish the value before there is a loss
In the event of a total loss the insurer works with the value immediately before the event. For a make with few reference transactions that is an estimate, and estimates lead to argument. Have the value established in advance by a valuer, or agree a depreciation scale with an age limit. Bear in mind that Article 7:960 of the Dutch Civil Code prohibits a payout above the loss actually suffered: an inflated sum insured produces no extra money, only a higher premium.
Repair is less likely to be worthwhile here
With plant of lower market value a machine is sooner economic total loss: the repair costs exceed the value and the insurer pays out instead of repairing. You are then left with an amount for which you cannot buy back an equivalent machine, particularly where supply is thin. Discuss in advance what threshold the insurer applies and whether the salvage value of the wreck is deducted from your payout.
Who counts as the producer for a make from outside the EU
If a boom fails because of a material fault, that is first a matter between you and your supplier. Article 6:185 of the Dutch Civil Code places liability for a defective product with the producer, and where the producer is established outside the European Union, the importer is treated as such. With plant arriving through changing channels that party is not always clear. Record in writing at the time of purchase who the importer is.
Without the paperwork your position after an accident is weak
Plant coming from outside the European Union should have CE marking, a declaration of conformity and a Dutch-language manual when first supplied here. That is not a formality. Article 7:658 of the Dutch Civil Code requires you as an employer to provide sound work equipment and instruction. If an employee is injured on a machine for which that documentation is missing, your position is weak both before the labour inspectorate and before your liability insurer.
Repairs and parts
Parts supply is the weak point; longer downtime is a real risk.
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.
How does the insurer determine the value of my machine?
In principle at the market value immediately before the loss, derived from what an equivalent machine costs here. For a make with few transactions that comparison is thin. Have the value valued in advance, therefore, or agree a depreciation scale. Note Article 7:960 of the Dutch Civil Code: a higher sum insured never produces a payout above the loss actually suffered.
What happens if repair costs more than the machine is worth?
The insurer then declares the machine a constructive total loss and pays out the value instead of repairing it. The salvage value of the wreck is usually set off. With price-conscious plant that threshold is closer than you think, so ask in advance what percentage the insurer applies and whether you may keep the wreck yourself.
Can I hold the manufacturer liable for a construction fault?
You can, under Article 6:185 of the Dutch Civil Code, which makes the producer liable for a defective product. If the manufacturer is outside the European Union, the importer takes that position. Make sure, therefore, that you know who imported your machine. After paying out, your insurer will want to seek recourse from that same party and will need those details.
Why does the insurer ask about the CE documentation?
Because it shows that the work equipment meets the requirements. Article 7:658 of the Dutch Civil Code requires you to provide sound equipment and proper instruction. If the declaration of conformity or a manual in Dutch is missing, that is the first thing examined after an accident causing injury, both by the labour inspectorate and in the assessment of your claim.
Every situation is different. For these situations we have a separate page.
- Finance: we refer you onThe main page
- Insurance for trade and servicesStock, advice, liability
- Starterslening (a Dutch first-time buyer loan)Supplementary, local authority, conditions
- A mortgage for making your home more sustainableExtra borrowing capacity, measures, reporting
- Calculate your maximum mortgageIncome, value of the home, obligations
- A mortgage for a renovationBuilding deposit, rise in value, reporting
- Business and personal credit cardsCover, travel insurance, liability
- Insuring an AhlmannAhlmann, value over time, security, repair
- Insuring a DoosanDoosan, value over time, security, repair
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.