Project insurance
If accidents result in damage to the building being constructed, third-party property or even injuries to people, project insurance can protect everyone involved against the financial consequences of such events.
Building insurance and developer liability insurance
Contractors All Risk (CAR)
Unforeseeable loss events of the developer, the contractor and all sub-contractors can be insured by this. As a developer or contractor, you can take out this insurance on a per project basis for a specific building or as an annual turnover agreement.
Building insurance lets you protect your company against financial loss caused by the total or partial destruction of building work during the construction phase.
Developer liability insurance offers suitable insurance protection for all losses incurred by third parties or neighbours.
Assembly insurance
Erection All Risk (EAR)
Should you, as a buyer, supplier or installer, carry the risk of property damage to a technical plant or installation of any kind during assembly, these can be covered by Erection All Risk (EAR) insurance.
EAR protects against unforeseen and sudden loss events to assembly services during the installation and commissioning phase. In order to adapt this insurance appropriately to the project-related risks, it can be taken out on a project basis for a specific project or as an annual turnover agreement.
Additionally, further risks can be indemnified with a Transport, Construction or Erection Disruption Insurance (Advance Loss Of Profits) as well as premium-free shell cover, which transitions to property insurance once construction is complete.
Norbert Jagerhofer and Ralf Hösch will be pleased to advise you on this subject: