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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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