You remotely operate a vehicle weighing hundreds of kilos alongside installations worth millions. One wrong manoeuvre hits not your ROV but the pipeline next to it.
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
ROV pilots work on underwater inspections, cable and pipeline routes, offshore installations and ships' hulls. The damage you cause is rarely to the ROV itself but to the object you are inspecting.
The biggest risk is loss caused by downtime: if you strike a pipeline or cable, not only repair follows but also lost production at the client's end. That is pure financial loss and is not automatically insured.
The structure of the cover in three parts, with an overview per situation below.
The basics
Liability
Damage you cause to others with the ROV.
A pipeline or cable struck
Damage to installations
Injury on deck
The extension
Care, custody and control
The object you inspect or work on.
Pipeline
Cable route
Hull
When not in use
Financial loss
Lost production without damage to your own equipment.
Production shut down
Power supply interrupted
Separate cover needed
What is covered
Situation
AVB
With care, custody and control
BAV
Damage to a neighbouring installation
Yes
Yes
No
Injury to crew on deck
Yes
Yes
No
Damage to the object being inspected
No
Yes
No
Production downtime at the client
No
No
Sometimes
Damage to your own ROV or umbilical
No
No
No
Working offshore without declaring it
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.
Downtime losses are the big item
A pipeline or power cable struck shuts down production or the power supply. That loss is many times the cost of the repair and is not automatically covered by the AVB.
Care, custody and control in inspection work
You work on the object you inspect; damage to it falls under the care, custody and control exclusion. Without that cover the core of your work is uninsured.
The ROV itself is not an AVB matter
You insure your own vehicle, umbilical and topside equipment as plant, not through the liability policy.
Insure offshore work expressly
Work outside territorial waters is excluded on a regular AVB.
What does your premium depend on?
Annual turnover: the main basis for calculation
Type of assignments: inspection, intervention or survey
Working area: inland waters, coastal waters or offshore
Value of the equipment deployed
Sum insured per claim
Certification and 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 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.
The financial loss a client suffers because production or transport is at a standstill after a pipeline or cable is damaged. It runs high and is separate cover.
Is damage to the object being inspected covered?
Not as standard; that is care, custody and control. Ask for care, custody and control cover, because this is exactly where you work.
Is my ROV covered?
No. The AVB covers liability towards others. You insure your own ROV and topside equipment as plant.
Does the policy apply offshore?
Only if that is insured expressly; otherwise the cover applies only within territorial waters.
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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