Construction and Erection Risks Insurance
 

Investors, contractors or subcontractors may insure any public, industrial, engineering or private building sites under the Construction and Erection Risk insurance arranged by our Brokers.

The subject matter insured comprises:

  • the whole building site, the construction works, performed under the contract;
  • materials;
  • plant and machinery;
  • the investor's or contractor's legal liability for property damage or bodily injury caused to third parties.

The Insurer will pay indemnity in case of:

  • loss of or damage to the insured property, resulting from all risks of any sudden unforeseen events, except those explicitly excluded;
  • damage caused to the health, life or property of third parties.

Additional cover is provided for:

  • Loss or damage, resulting from strike, riot and civil commotion.
  • Extended maintenance of construction works.
  • Extra charges for overtime, night work, work on public holidays, express freight.
  • Damage due to earthquake.
  • Property in off-site storage.
  • Damage to underground cables, pipes and other facilities.
  • Designer's risk.
  • Vibrations, removal or weakening of support.

For more information please do not hesitate to contact us at info@expatbusinessservice.com

 
 
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