Construction

Construction and Erection Insurance (CAR/EAR insurance) is intended to cover entire construction projects by providing insurance protection for the all stakeholders, including the investor, during construction and assembly.

As part of CAR/EAR insurance, we offer coverage of three consecutive parts:

  • All Risks Property Damage Insurance
  • Third Party Liability Insurance (health and property of third parties) in connection with the construction (including cross-liability insurance and subsequent financial losses)
  • Advanced Loss Of Profit (ALOP) - Delayed Start-up (DSU) caused by delayed commissioning of the work due to damage.

Property damage insurance, and liability insurance in connection with such construction, is standard cover. Advanced Loss Of Profit (ALOP) insurance is suitable for buildings where delays can cause major financial losses to the investor.

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