Construction Risks

We offer insurance that covers construction-related risks including the risks associated with erection, reconstruction, modernization, major overhaul, finishing, loading/unloading specific to:

  1. Energy industry
  2. Civil engineering and Infrastructure
  3. Commercial real estate
  4. Industrial enterprises
  5. Other facilities

What risks and damage can be insured?

Contractors’ all-risks including but not limited to:

  • Fire

  • Explosion

  • Lightning

  • Acts of God (whirlwind, hurricane, storm, typhoon; avalanche, mudflow; flood, inundation, heavy rain; earthquake)

  • Landslide, landslip, subsidence, ground water underflooding

  • Falling aircraft or parts thereof, trees, buildings or other items, onto property insured

  • Malicious acts of third parties to damage or destroy property insured

  • Burglary, robbery, brigandage

  • Breakdown of water-supply, sewerage, heating, power supply and other systems

  • Faults in erection

  • Faulty design

  • Defective workmanship or material

  • Collapse, loss or damage of property insured by splitting off or falling parts thereof

Any other sudden and unforeseen accidents on site not specifically excluded by the policy.

Endorsements and extensions of coverage:

  • Cover for loss or damage due to strike, riot and civil commotion

  • Special conditions concerning underground cables, pipes and other facilities

  • Warranty concerning camps and stores

  • Inland transit

  • Cover for designer’s risk

  • Existing property or property belonging to or held in care, custody or control by the insured

  • Loss adjusters' fees

  • Debris removal

  • Professional fees

  • Construction plans and documents

  • Cover of extra charges for airfreight

  • Cover of extra charges for overtime, night work, work on public holidays, express freight

  • Property in off-site storage

  • Temporary repairs

  • Cover for testing of machinery and installations

  • Vibration, removal or weakening of support

  • Site visitors

  • Cover for cross liability

  • Cover for terrorist acts

  • Public authorities

  • Loss minimization expenses

  • Construction plant machinery and equipment insurance

  • and other extensions of coverage

If you have any questions about insurance, please contact us

Updated: 07.04.2019
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