The inventory and commercial goods insurance is for companies or institutions with inventory. Or companies that are in possession of merchandise such as end products and raw materials. This can be stored in a warehouse or elsewhere. The tenant interest insurance is for tenants who have made changes and / or extensions (renovations) to or in the rented building. Online premium shops and online premium catering industry.
Features of an Inventory and commercial goods insurance
- Coverage against all common insured events
- Inventory and / or goods that is temporarily elsewhere in the Netherlands
- Clean-up costs are insured
- When you have a tenant interest insurance, they sometimes also cover the costs of emergency facilities.
Commercial goods are insured for their market value, i.e. the purchase price and the delivery costs. Always insure the maximum value which will be stored in the warehouse.
Tenant’s interest insurance
With the Tenant’s Interest Insurance you are insured against the financial consequences of damage to the changes and improvements/renovations made to a rented building. With the tenants’ interest insurance you are also insured against the material costs caused by, for example:
Glass is not part of the tenant’s interest. This risk is often co-insured in addition to the Inventory and commercial goods insurance. or insured by the owner of the property.
What does Inventory and commercial goods insurance cover?
The Inventory and commercial goods insurance are insured for damage as a result of, for example:
- Water (precipitation and tap water)
They often count sun blinds, antennas and illuminated signs as inventory insurance. There is no cover for damage caused by, for example, an earthquake or flood.
Audio with tips before applying for an insurance (in Dutch)
Own risk Inventory and commercial goods insurance
A general own risk often applies to this inventory and goods insurance, with due observance of the following
1. A deductible of € 500 applies for every compensation owed. However, in some cases, provisions and / or amounts can deviate from this insurance. See the information of the specific insurance for this.
2. Per claim, the (highest) own risk amount is only deducted once, even if more than one insurance policy is involved in that claim.
What is inventory?
All movable property that serves to exercise the profession, the company or the activities, as described in the inventory and goods insurance, including mopeds, antennas, sun blinds and illuminated signs. The items listed below are not considered as inventory. So the Inventory and commercial goods insurance does have two elements.
What is not inventory?
a. Private household effects.
b. Goods, including raw and auxiliary materials, semi-finished products, end products that are
intended for sale, goods in progress and packaging.
c. Money and valuable paper.
d. Motor vehicles (except mopeds), including loose parts and accessories thereof.
e. Caravans and trailers, both including loose parts and accessories thereof.
f. Vessels, including loose parts and accessories thereof.
g. Third-party goods.
h. Computer and other digital information files, as well as software, except standard software.
Therefore, these items cannot be insured on the Inventory and commercial goods insurance and must be insured otherwise.
Insured damage causes on Inventory and commercial goods insurance
- Fire Fire, as stated in Chapter Further descriptions. Damage resulting from the proximity of uninsured items affected by fire is covered.
- Fire extinguishing Fire fighting and resulting damage.
- Lightning Strike Lightning Strike. Damage resulting from the proximity of uninsured items struck by lightning is also covered.
- Induction / Over-voltage Induction and over-voltage, both due to lightning.
- Explosion Explosion, as stated in Chapter Detailed descriptions. Also covered is damage resulting from
a. total or partial destruction of insured items by explosion or
b. the proximity of uninsured items that are destroyed by an explosion.
- Air traffic Air traffic, as stated in Chapter Further descriptions.
- Storm Wind force, at a wind speed of at least 50 km per hour (wind force 7). Damage caused by objects that fall over during a storm and / or fly through the air is covered.
- Precipitation Precipitation (including rain, snow, hail or melt water) and / or sewage water
- a. unforeseen entered the building and / or
- b. accidental flow from indoor drain pipes. Not covered is damage:
- c. penetrated by precipitation and / or sewage through open windows or doors;
- d. by groundwater;
- e. by breaking through walls;
- f. due to lack of building maintenance.
- Heavy local rainfall Water, unforeseen entering the building, due to heavy local rainfall, as stated in Chapter Detailed descriptions. Not covered is damage caused by water after a dike breach or through cracks, holes and other damage to flood defenses.
- Snow pressure The pressure that snow and / or ice exert on the outside of the building.
- Water accumulation The pressure that an accumulation of rain and / or melt water exerts on the roof of the building.
- Water / steam
- a. Water and / or steam that unexpectedly flowed from a water supply, central heating, air conditioning or sprinkler installation.
- b. Water that has unexpectedly flowed from supply and discharge pipes and / or appliances that are connected to these installations.
- c. Water that has overflowed from these installations and / or appliances.
- Aquarium Water, unexpectedly flowing from an aquarium. Also covered is damage to the items listed below.
- a. The contents of the aquarium.
- b. The aquarium itself by breakage.
- Waterbed Water, unexpectedly flowing from a waterbed.
- Theft Theft or attempted theft, only if committed by someone who has entered the building from the outside by forcible entry, is damage covered on an Inventory and commercial goods insurance policy.
- Vandalism Vandalism, only if committed by someone who has entered the building from the outside through burglary.
- Riots / riots / uprisings This is understood to mean incidental manifestations of violence (not including rowdiness and vandalism).
- Violent robbery / extortion Robbery and extortion, both using or threatening to use physical violence against any person.
- Collision Collision with a building.
- Fallen / spilled cargo Cargo of vehicles or vessels that has fallen off or flowed out of it as a result of a collision or collision.
Prevention requirements for Inventory and commercial goods insurance
Prevention facilities that meet the following conditions:
a. The risk class has been determined by a BORG or a VEB security company on the basis of the ‘Improved Risk Class Classification’ (VRKI).
b. All security measures associated with the risk class have been carried out by or on behalf of this security company.
c. If an intrusion detection system is part of the security measures, it will be maintained on
in the manner agreed with the installer.
d. All security measures can function properly at all times.
For almost all insurers, The CCV is the institute where risk classifications are determined
As long as the insured or his staff are not present in the secured business premises, the following measures need to be taken to qualify for a claim from an Inventory and commercial goods insurance.
e. All security measures are correct and fully in use / applied.
f. If an intrusion detection system is present, it is correctly and fully armed.