Insurance of construction and erection risks

Insurance issues in construction are very important, since no one is protected from accidents – they happen on construction site, where building under construction, equipment and property can be damaged, and also the property of third persons – pedestrians or by-passers. Besides, client or contractor can request various financial guarantees to secure liabilities of your company. Accidents can happen also to employees of construction companies while engaged in construction works on site. Risks, of course, can’t be eliminated, but their financial consequences can be controlled.

Construction and erection all risks (CAR/EAR) policy covers:

• Various construction and erection works, materials and elements of construction required for performance of works planned in the project and objects created as a result of such works;
• Machinery, its spare parts, equipment, devices, gears and tools devised for performance of construction works;
• Existing objects located in the construction site;
• Cleaning expenses (removal of debris) following the insured event;
• Professional liability of construction managers for property damage and bodily injury, as well as environmental damage caused in direct connection with implementation of construction projects in the construction site or in its direct vicinity.