Introduction
Construction and installation risks insurance provides comprehensive protection against damage, deterioration, destruction or loss related to construction or assembly activities during the construction period and covers losses resulting from fire, natural disaster or theft
Covered subjects
- Machines and equipments in a factory during the assembly process of those machines and equipments
- Contruction work that serves and/or constitutes part of assembly process
- Machine, equipment, and tools for the assembly process
- Available assets on and within the contruction site and under the ownership, management, care and control od the insured
- Liability towards third parties
Coverage events
- Fire, explosion, thunderstorm, whirlwind, subsidence, landslide, flood, lightning strike, tsunami, earthquake, theft, poor workmanship, lack of experience, negligence,…
