Construction risk insurance

Construction all risk (CAR) insurance will cover damage or damage caused by construction work, installation of equipment or testing of insured property. All-risk insurance policy means that it also includes all sudden and unforeseen events / risks insofar as they are not inconsistent with the specific policies of the insurance policy.

Construction and installation insurance for all risks may include construction / installation equipment, construction / installation machinery, existing structures / structures, etc. property, materials stored outside the construction site, damage or damage resulting from construction work but discovered during operation, additional expenses for clearance.

Unsolicited profit insurance will ensure the payment of insurance indemnity in the amount of unearned gross profit that the insured person has due to delayed construction.

Construction guarantee insurance covers obligations arising from construction contracts or construction tender documents. There are the following types of warranties: tender participation guarantee; advance guarantee; performance guarantee; warranty period warranty.

 

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