Construction insurance is aimed at all Works Owners and/or Contractors, to cover risks associated with the execution of public works or civil construction contracts, guaranteeing material losses and damage of an accidental nature caused to works, when their repair, replacement or replacement in the state in which they were in immediately prior to the occurrence of the claim is necessary.
The construction or extension of an infrastructure, be it a building, a house, a facility or a public work, is associated with an important financial investment that must be protected.
The developer must ensure that a "construction all risks" construction insurance policy is taken out, a risk management measure that protects the construction, during the whole of its execution period, against a wide variety of risks (see covers), on pain of losing the entire investment made.
We recommend that you take out the insurance yourself, as this is the best way of ensuring that the contract is properly carried out and that its scope of cover is adequate for your requirements.
The Construction Insurance (Engineering risks) was developed to guarantee all the safety for the most different types of works, including damages caused to third parties.
Construction Insurance guarantees losses and damages of an accidental nature, namely resulting from:
Construction Insurance may, optionally, cover claims for:
The information contained in this website is merely indicative. The rights and obligations of the parties are defined in the Proposals, Conditions Special and General applicable terms of the respective insurance policies contracted.
