For construction projects
Protect the construction project, materials, equipment and third-party liability throughout the works. Coverage terms are calculated individually based on the project parameters.
The programme is tailored to the specific project. The policy can cover the main events that may damage the construction site and require restoration work.
Including spontaneous combustion and aircraft impact.
Damage to or loss of property caused by third parties.
Flood, inundation and burst pipes at the insured site.
Storm, hurricane, earthquake, mudflow, avalanche, landslide, rockfall and ground subsidence.
Short circuit, overvoltage and electrical arcing.
Machinery, equipment, construction materials and structures.
Bodily injury or property damage during construction and erection works.
The sum insured is based on the value of the project and the parts of the works included in the policy.
the construction project and cost of the works
construction materials and structures
equipment, machinery and spare parts
site clearance costs following an insured event
third-party liability
Under the standard policy wording, reasonable site clearance costs are limited to 2% of the sum insured. The exact limit is stated in your policy.
There is no single rate for every construction project. Terms are calculated after the project and selected coverage have been reviewed.
The insurance period is aligned with the works schedule. Under the standard terms, coverage begins no earlier than premium payment and unloading of the property at the construction site.
Coverage begins once the policy conditions are met and the premium is paid.
Protection for the project and property during the main works.
No-load and operational tests during the agreed period.
Coverage ends on commissioning, but no later than the date stated in the policy.
If the works are temporarily suspended for reasons beyond the policyholder’s control, an extension may be agreed with the insurer in writing.
We need the main construction project details to calculate the terms. A specialist can clarify the remaining information after you submit the request.
Enter your name, phone number and preferred contact method in the form.
Project name and location, schedule, contractors, budget and required coverage.
We will agree the sum insured, limits, deductible, premium and payment procedure.
This insurance protects the property interests of construction project participants. The policy may include the project, works, materials, equipment and machinery, as well as liability for damage caused to third parties.
Depending on the project, coverage may include fire, lightning, explosion, theft and malicious acts, flood and water damage, storm and hurricane, earthquake, landslide and rockfall, short circuit, and the fall of machinery, materials or structures. The exact list is stated in the policy.
Yes. The policy may include a separate liability limit for bodily injury or property damage caused to third parties during construction and erection works.
The parties agree it based on the value of the project or a specified part of it, including completed works and materials. Equipment, construction machinery and agreed site clearance costs may also be included.
The price depends on the type and value of the works, project location, construction period, insured property, selected risks, liability limit, deductible and other project terms. Each offer is therefore prepared individually.
The period is aligned with the project schedule. Under the standard terms, coverage may run from unloading the insured property at the site through construction, installation and testing, and end on commissioning, but no later than the date stated in the policy.
We need information about the company, project name and location, client, contractors and subcontractors, schedule, cost of works, materials, equipment and machinery, as well as the required liability limits.
The start date and conditions are stated in the policy. Under the standard wording, coverage begins no earlier than actual premium payment and unloading of the insured property at the construction site.
The policy contains exclusions such as intentional acts, defects known before the insured event, design errors, normal wear and corrosion, internal mechanical failure without an external event, indirect losses and contractual penalties. Check the full list in your individual policy.
Take reasonable steps to reduce the loss, notify the competent authorities and contact the insurer. The standard wording requires oral notice within 48 hours and a written statement within 5 banking days. The deadlines in your policy may differ.
Tell us about the project and a specialist will help you choose suitable insurance terms.
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