Building industry

RESPECT Building industry

The building market is reviving, and no investment aim or developer activity can do without construction all risk (CAR) insurance and erection all risk (EAR) insurance.
 

Designed for:

• Investors
• Suppliers
• Subcontractors
• Designers
• Building supervisor
• All other persons who take part in the built work in the process of its construction, reconstruction or assembly

This relates to:

• Building ground, transportation and engineering works
• Insurance on assembly risks mainly for installation of technological equipment

Construction-assembly insurance generally covers:

• Natural perils
• Theft, vandalism
• Clumsiness, negligence, poor execution
• Construction site accidents resulting in damage to the work, material or possible building machinery
• Fall of items

Possible to additionally insure:

• ALOP, i.e. insurance on loss of expected profit of an investor in relation to delayed handover of a construction-assembly work for use in consequence of arising material damage
• Liability insurance for injury caused to a third party in relation to implementing a built work
• Cross liability for mutual damage caused to each other by participants of a built work