Construction work is often exposed to events that could significantly affect the project’s course; misused torches causing fire, work causing cracks in neighbours’ walls, design errors, etc. are all examples that occur in front of our eyes on a daily basis.
It is not always easy to determine the agent responsible for the damage given the large number of people involved on a construction site (engineer, architect, subcontractors, etc.) Cases of force majeure (natural disaster, act of sabotage, terrorism, etc.) are also high-risk situations whose effects can be devastating.
To limit the consequences of a possible loss, it is advisable for the company to subscribe to an All Risks Construction Policy and upon receipt of the work to a ten-year Civil Liability Policy.
This insurance is designed for all types of construction projects. It offers complete protection against both damage to the work and material and physical damage caused to the third party as a result of the execution of the work.
It covers the construction company or prime contractor, engineers, architects and all stakeholders, including all subcontractors, who carry out the work.
Our teams will study your projects and propose a contract that you can rely on:
• Fire and explosion damage
• The collapse
• Natural disasters
• Design errors
• Damage to existing ones
• Strikes, riots and popular movements
• Damage that may otherwise be caused to third parties as a result of your liability.
Often constructions are confronted with problems of faulty workmanship linked to the diversity of the actors in the building sites and the problem of design and monitoring of the structures. In addition, each structure is in itself a prototype that is difficult to test before it is put into operation.
According to the terms of the law, the architect, engineer and Contractor appointed by the project owner for the construction of the structure are liable when, within ten years from the completion of the building or other structure whose work they have directed or carried out, the structure collapses, in whole or in part, or presents an obvious risk of collapse, by default of materials, by defect of the construction or by defect of the ground. « Art 769 of the DOC ».
Our advice in this area will enable you to benefit from basic coverage that complies with regulatory provisions as well as coverage extensions that give you more comfortable coverage to cover your liability towards third parties, existing ones, waterproofing of buildings or even the revaluation of a property’s value.