Construction Insurance
Construction insurance provides financial compensation for covered losses to a building or structure, as many mistakes, errors, and unforeseen events can lead to damages and losses during construction.
There are two main types of insurance policies, as summarized below:
Contract works insurance
- Protection against construction accidents, theft & vandalism;
- Work can continue despite construction incidents;
- Damage location, demolition & reconstruction costs paid.
Construction owner's liability insurance
- For third-party claims due to personal injury & property damage;
- Legal protection in the event of criminal proceedings;
- Defence against unsubstantiated claims.
