The ideal insurance for Project Owners and/or Contractors, to cover the risks associated with the execution of public or civil construction works (construction, renovation and/or expansion of houses, residential, commercial and industrial, etc.), guaranteeing the accidental losses and material damage caused to the works, when it is necessary to repair, replace or return them in the state they were in the moment immediately before the occurrence of the accident.
We insure your investment from the very first moment of construction to the handover of keys (including buildings, homes, resorts, hotels and all other real estate).
This policy insures all the risks (All Risks) of construction and installation, but some of the most important coverage’s are highlighted below:
- Acts of vandalism
- Earthquakes, tsunamis and volcanic eruptions
- storms, typhoons, cyclones, hurricanes, floods and land-allusions
- Consequences of Project error
- Theft or robbery
- Fire, lightning or explosion
- 3rd party liability
- structures, buildings and their occupants and land, neighbors and belonging to third parties
- Cables, pipelines and other underground services
- Civil Liability pollution/contamination
Insured under this policy are the General Contractor and all of its subcontractors, installers and erectors, designers, consultants, inspectors and project managers, when intervening directly in the physical execution of the insured works and insofar as their respective interests are included in the insured sum and at the place of risk.