“All risks” insurance of construction / assembly work and the liability of the builder will help you keep your work safe. More and more investors or contractors bind or require construction and / or installation to protect themselves against possible losses resulting from the occurrence of an event on the site.
CAR/ EAR type insurance protects you from damaging or sudden, untimely destruction of permanent or temporary construction works or other property or parts thereof that are subject to construction and assembly, for any reason other than those excluded expressly requiring repair / replacement, including dismantling / fitting expenses.
Such a policy can be concluded both for new objectives (new constructions) and for objectives under consolidation, restoration, rehabilitation, etc. The policy may be concluded by the contractor, the constructor or the beneficiary of the work, and may be included in the insurance and the subcontractors participating in the project. Construction-assembly assurance is completed for the entire period of execution of such works, from the actual construction work or the delivery of the materials within the construction site to the reception / delivery of the construction and continue during the warranty period of the works.
What construction-assembly works can be insured through Asigest Broker?
A wide range of construction works are covered on the basis of this product throughout the execution period, including the test period and / or the warranty period for the works executed.
Here are the types of construction and assembly works that we provide, without limiting ourselves to the examples below:
Car / EAR type insurance protects you from damaging or sudden, untimely destruction of permanent or temporary construction works or other property or parts thereof that are subject to construction and assembly, for any reason other than those excluded expressly requiring repair / replacement, including dismantling / fitting expenses.
Residential buildings
Buildings with other destinations: office buildings, hotels, shopping centers, underground or overground parking
Industrial buildings: production halls, warehouses
Rolling paths: Asphalting works, construction or rehabilitation of railways, roads or motorways in or outside the city: production halls, warehouses of goods
Bridges and road passages
Sewage works: laying of pipes and pipes, water distribution systems
Utilities networks: water, sewage, gas, etc.
Industrial fittings: production plant and equipment
The insurance policy can consist of 2 sections:
Section I: Material Damage – covers the material damage to the insured construction and assembly works, as well as the expenses generated by the production of insured events for: limitation of damages, saving / preservation of the insured goods, cleaning / removal of site debris, space clearance, architect / designer fees , the intervention of firefighters.
The insured amount represents the value of the construction or assembly contract, permanent or temporary, with all the materials to be incorporated therein. Existing constructions, equipment / installations / equipment owned by the Beneficiary of the construction and assembly works, as well as the equipment / installations / equipment of the manufacturer or subcontractors may be provided, as the case may be.
The construction and assembly insurance also covers the necessary and reasonable expenses incurred in connection with the insured works and generated by the production / imminence of the production of the insured events, namely: to limit the damage, to save / preserve the insured goods, to clean / remove the site debris, and cleaning it as a result of the occurrence of an insured event; honorary architects / designers; the intervention of firefighters; overtime, working during the night / legal holidays, fast / express transport of goods (materials / machinery / installations / equipment).
Section II: Civil liability of the manufacturer – as required, you may also choose to cover damages (material damages and / or bodily injury) caused by the fault of the Insured to third parties, damages for which he is legally liable and who are connected direct with construction and assembly works carried out on site and insured according to Section I.
It covers damages produced on the site or in its immediate vicinity during the insured period. The policy also covers the costs incurred by the injured person in carrying out the legal formalities in order to oblige the Insured to pay damages if the Insured has been obliged to indemnify by final and irrevocable court decision as well as the costs incurred by the Insured in the civil process, by the law or by the courts, if the Insured was obliged to pay the indemnities
Risks included in this type of insurance:
CAR / EAR insurance is a “All Risk” policy, covering claims incurred during the life of the insurance contract for any reason other than those expressly excluded under insurance conditions. We mention the following covered risks as an example:
• Natural phenomena: earthquake, floods, water spills, landslide, storm, hurricane, etc.
• Fire, explosion, burglary of building materials or other goods kept in closed and locked areas
• Collapse of the building or construction due to impact with objects or external bodies, flight apparatus or parts thereof
• Damage caused by human error, negligence
In addition, and depending on the type of insured work, the policy can be extended by means of Special Clauses, such as: the risks of strikes, riots and civil disturbances; Assurance of goods in transit; the cost of overtime, overnight, during legal holidays, fast / express shipping (materials, equipment, installations, equipment); extending the period insured for the maintenance period; Responsibility of the designer, etc.
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