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This type of insurance covers all construction risks
Comprises 2 sections:
- SECTION I- Material Damage
- SECTION II- Legal Civil Liability
Insured risks:
Section I
The subject of the insurance are the goods and the expenses provided in the policy as follows:
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Contractual work (permanent or temporary, all materials included):
- contract value;
- materials and other goods provided by the beneficiary;
- Constructions and other equiptments property of the beneficiary (according to the contract annex)
- Constructor’s machinery (according to the list);
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Expenses for:
- Waist disposal in case of claim occurence;
- Professional taxes (architects, experts, consultants);
- Firemen intervention.
Section II
The subject of the insurance are the third party liability for which the Insured may answer into Court, following:
- bodily injury;
- material damages;
- legal expenses the Insurer may have to pay;
- expenses made with the written consent of the Insurer follwing a claim that is to be indemnified.
Risk assesment must consider:
- Project type and destination;
- Used materials
- Construction method, constuctor’s expertiese;
- Project location
- Insured period;
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