Construction is a complex and risky process and exposes management to many risks that can unexpectedly cause delays and costly project liabilities, significantly reducing profits. It is not always easy to identify the exact cause or the parties responsible in case of damage, which often leads to lengthy and costly legal proceedings. If the building is not yet finished, the situation is often made even more difficult because the site is not progressing and there are additional costs. Construction All Risk Insurance (CAR) is necessary to prevent interruptions and delays in your construction projects.
Damage or loss to construction materials and engineering projects under construction, such as:
Damage or Loss of Health and Property to Third Parties
We cover damages and losses caused by: