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.
