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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
Railway safety staff, work site safety supervisors and lookouts make sure that work alongside or on the track is carried out safely. The AVB covers the property damage and injury that arise in the process.
The distinguishing risk is loss due to delay: if a possession goes wrong or lasts longer, a claim from the carrier or infrastructure manager follows. That is pure financial loss and it does not fall under a standard AVB.
What does liability insurance for railway safety staff cover?
The structure of the cover in three parts, with an overview per situation below.
The basics
Liability
Property damage and injury alongside and on the track.
Injury to employees
Damage to rolling stock
Damage to the infrastructure
The big item
Loss due to delay
Claims from the carrier or infrastructure manager for each minute.
Pure financial loss
Calculated per train
Separate cover needed
The condition
Certification
Professional certificates and a safety pass for each employee.
Valid certification
Safety pass
Process records
What is covered
Situation
AVB
BAV
Damage to rail rolling stock
Yes
No
Injury to an employee alongside the track
Yes
No
Delay caused by a possession that went wrong
No
Sometimes
A claim from the carrier for each minute of delay
No
Sometimes
Working without valid certification
No
No
Fines that are punitive in nature
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.
Loss through delay is the heart of it
Claims are calculated per minute of delay and per train affected. Without separate cover for financial loss you bear that yourself.
Certification and safety pass
Working alongside the track calls for valid certification and a safety pass. Insurers ask about that when underwriting.
Process records
Record the times at which the possession was requested, took effect and was lifted. If there is a claim, that is your file.
Injury weighs heavily here
A collision with rolling stock is by definition serious. Set the sum insured to match what the client requires by contract.
What does your premium depend on?
Annual turnover or payroll: the main basis for calculation
Type of activities: safety, inspection or construction
Number of employees alongside the track
Sum insured per claim
Certification and safety passes
Claims history
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.
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.
The financial claim from a carrier or infrastructure manager because trains are delayed. It is calculated per minute and mounts up quickly.
Does loss through delay fall under the AVB?
No. It is pure financial loss without property damage or injury; separate cover is needed for that.
Which certification is required?
Valid professional certificates for working alongside the track plus a safety pass for each employee.
What sum insured is usual?
That is set out in the contract with the client. In the rail sector the amounts required are high because of the injury and delay risk.
Which sum insured do clients require?
That is set out in the contract or specification and varies widely by sector. In industry and petrochemicals it is often several million per claim. Ask for the requirement before you tender.
What is the difference between the AVB and the BAV?
The AVB covers damage to property and injury to people. The BAV covers pure financial loss: financial disadvantage caused by an error, without anything being broken or anyone being injured. In downtime and delay claims, that is the difference that counts.
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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