It covers all kinds of construction project risks (buildings, roads, dams, ports, sewers, potable water and power grids, airports, etc.) with adequate insurance from the first day of construction until the day the project is completed or delivered.
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Scope of Construction All Risks Insurance coverages
- Any natural disaster, including earthquakes, floods, storms, landslides and subsidence
- Theft and attempted theft
- Fire, lighting and explosion
- Air and land vehicles impact
- Construction site / operation accidents
Construction All Risks Insurance automatically covers the following risks, provided that they arise due to sudden and unexpected causes:
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Supplementary coverage
- Debris removal costs
- Construction machinery
- Construction sites
- Third party financial liability
- Maintenance period
- Strikes, lock-outs, commotion, public disturbances, and terror
- Overtime and rapid transportation costs required as a result of the damage
The scope of coverage of the Construction All Risks Insurance can be extended with the following additional coverage elements:
