Civil Engineering And Applied Construction Services Insurance

Under this insurance policy, the insurer will pay out compensation for damage caused by the destruction, damage or loss of insured property as a result of the following basic risks:

• fire and lightning strike
• explosion
• windstorm
• hailstorm
• own vehicle impact, own powered machinery impact and unknown vehicle impact
• aircraft fall and impact
• public events and demonstrations
• water flooding
• frost
• ice and snow
• avalanche, rain
• landslide and fall of ground
• land subsidence
• unforeseen construction accidents
• inaptitude, negligence or malicious intent by an employee or another person
• burglary

Unless otherwise stipulated by the contract, for each realized insurance claim, a standard deductible of 10% of the total damage expenses is borne by the insured. If a higher deductible is applied, the insured obtains a 30% discount. In the event of realization of a contractors third party liability insurance claim, a deductible is not applied.

The duration of construction also affects the premium amount.

You can add the following risks to your policy:

• flood and torrent, high water and underground waters
• landslide
• contractors third party liability insurance
• contractors contractual liability within the maintenance period

This policy covers the following:

• buildings under construction, including new builds and reconstructions
• civil engineering and applied construction services, installation materials and equipment, building equipment and supporting structures included in the estimated value of the building under construction
• other items as per Tariff and Terms and Conditions