Construction All Risks Insurance

Construction organizations operations including complex of on site construction and assembling works and further place into operation of construction objects. Successful process completion depends not only on specialists and workers, used materials and equipment, effective technology process coordination, but also on external circumstances.

It is possible to safeguard minimize risks and compensate loses at Construction All Risks Insurance.

All physical and legal entities, that run a risk arising from the construction works, contractors, subcontractors, design organizations, are welcome to take out a Construction All Risks Insurance.

Is provided for:

• Construction, reconstruction, technical re-equipment, capital repair projects;
• Construction machinery, mechanisms, and equipment;
• On construction site objects ( temporarily buildings and erections, warehouses and etc.);
• Third party liability against damage arising from the construction works.

Additionally may be insured expenses for territory clean up after insurance event occurrence.

Insurance period for construction and assembling works may range from the period construction and assembling works to any other period.

Benefit payment rate settled by mutual consent of the parties and depend on:

• book cost of machines and equipment; commissioning works expenses, with regard to maximum possible losses;
• cost of building materials for object construction;
• amount of liability limit to third parties.