Construction Risk Insurance

About the product

The insurance is designed to meet the needs of legal entities - mainly contracting authorities, contractors or subcontractors of any type of construction sites. It provides insurance protection both against damages incurred during the execution of construction works, facilities on the construction site and / or construction machinery, and against claims of third parties regarding property and non-property damages resulting from the construction works.   

A Construction Risk Insurance policy must be written and in effect prior to supplies and equipment being delivered to a building site, and lasts until the project is either completed, sold, or occupied - or until the policy ends.

Your coverage/benefits

• Fire
• Catastrophic risks (earthquake, natural disaster)
• All risks of loss or damage to construction works, construction machinery, building materials

Advantages

• Complex insurance coverage for unfinished projects
• Insurance coverage against claims of third parties regarding property and non-property damages resulting from the construction works
• Simplified process offering and concluding the insurance policy