The CAR Insurance Policy (Construction All Risk)

This type of policy addresses generally to construction entrepreneurs and other economic agents who work in construction regardless of the type: civil, industrial, commercial or administrative, the insurance covers “all risk”.

Covered risks:

• Section I -> material damage that affects the construction assembly (permanent and temporary, auxiliary works of construction); the construction equipment; machinery.
• Section II -> The liability insurance of the contractor that covers material damages or injury; death caused to third parties for which the applicant responds to the law that can occur during the construction work.

Additional to this the policy can extend the list of covered risks for: riots, strikes and civil unrest; insuring goods in transit; the additional costs for working overtime; for working during legal holidays, fast transport for materials, equipment, machines; extend the period provided for maintenance; liability for the designer.

The insured period

The policy is set for the entire period of the construction work, from the beginning of the work and it continues during the warranty period.

Facilities:

• the possibility of paying instalments for the insurance premium
• the possibility to preserve the amount issued in a currency agreed by the parties thus avoiding the risk of depreciation of the sum insured under the policy due to inflation.
• The possibility of granting advances on compensation in case of damage.

With a vast experience in the Construction insurance policy, Lion Broker can provide assistance in the field of construction and contracting related insurance ensuring all risks for equipment and machinery; professional liability insurance consultants in construction; professional liability insurance for architects and civil engineers.