Liability
- Cables and pipes
- Damage to buildings
- Injury to bystanders
Insuring a Sany
With Sany equipment the sharpest question is not whether the damage will be paid for, but what happens to your planning and your turnover in the weeks the machine stands idle.
- 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
Sany supplies in large numbers worldwide, and the Dutch service and parts network is still being built up compared with the makes that have been here for decades. That makes no difference to the cover. It does make a difference to the repair time. And repair time is exactly where an ordinary plant and machinery policy stops: it pays for the repair, not for the weeks in which you cannot work.
To cover those weeks you need additional cover. It comes in two forms: payment of the hire cost of replacement equipment, or payment of lost gross profit. Both have a waiting period before payment starts and a maximum period after which it stops. Which of the two suits you depends on whether you can replace the machine or simply have to do without it.
The trap lies in the link between the two. Downtime cover pays only where the underlying damage is itself covered. If the machine is idle because of wear, deferred maintenance or waiting for a warranty claim to be settled, nothing is paid.
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Sany: 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?
- Waiting period chosen. The number of days of downtime you bear yourself before payment starts.
- Maximum indemnity period. The period over which payment is made, to be matched to realistic delivery times.
- Basis of the payment. Hire costs for replacement equipment or lost gross profit per day of downtime.
- Availability of a replacement. Whether an equivalent machine can be hired in your region and how quickly.
- Maintenance status and age. A current service contract reduces both the chance of a breakdown and how long it lasts.
- Nature of the work. Project work with completion dates is judged differently from occasional day hire.
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.
Downtime cover always follows the own-damage cover
Business interruption or downtime cover is not a stand-alone insurance but a derivative. Payment is only made where the damage to the machine itself falls under the policy. If the machine is idle because of a worn driveline, deferred maintenance or because you are waiting for a part without there having been any damage, there is no cover. Check first, therefore, whether inherent defect is included in your own-damage cover, because otherwise the additional section is pointless.
The waiting period and the indemnity period determine what you receive
Every downtime cover starts with a waiting period in days and ends after a maximum indemnity period. Those two numbers determine what you actually receive. If the delivery time for a part is structurally longer than your indemnity period, the insurer pays for the start of your problem and not the end of it. Match the period to the realistic delivery times for the critical components of your machine rather than to a standard option.
Replacement equipment or lost profit
The hire version pays the cost of a replacement machine and only works if one is available at short notice. The profit version pays lost gross profit and calls for supporting evidence: timesheets, agreed rates and figures for earlier periods. You have to show what you would have earned. Get those records in order before you need the cover, because reconstructing them afterwards always produces a lower payment.
Penalties from your client stay outside the policy
If a project is delayed because your machine is idle, the client sometimes claims a rebate or penalty under the contract. That is contractual liability and it is excluded on almost every liability policy. Compensation you agree to voluntarily to keep the relationship healthy is not paid either. Assess such penalty clauses when you sign the contract and not when the first breakdown occurs.
Repairs and parts
The dealer network is still being built up; check the availability of parts before you buy.
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.
Will my loss of turnover be paid if the machine is idle?
Only with additional downtime or business interruption cover, and only where the damage to the machine itself is covered. If the machine is idle through wear or through waiting for a part without any damage having occurred, nothing is paid. Payment starts after a waiting period and stops after an agreed maximum period.
What exactly is a waiting period?
The number of days of downtime you bear yourself before the insurer starts to pay. A longer waiting period lowers the premium but leaves the first and often busiest days with you. When choosing, look at how quickly you normally get a breakdown resolved, because a waiting period longer than the average repair time makes the cover worthless.
Will the insurer pay for hiring a replacement machine?
It can, if you opt for the hire version. That only works if an equivalent machine really is available in your region. If it is not, cover for lost gross profit is the better choice. Both forms have a waiting period, a maximum period and supporting evidence that you have to provide yourself.
Does the policy pay a penalty imposed by my client?
No. Rebate arrangements and penalty clauses in a construction contract are contractual liability, and that is excluded as standard. The same applies to a payment you agree to as a gesture of goodwill. Assess the penalty clauses before you sign and bear in mind that downtime cover covers your own loss, not your contractual obligations.
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Prefer to call? 072 - 509 24 56, weekdays 09:00–17:00.
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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.