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Construction

Insurance

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Construction Insurance

Insurance contracts for construction risks take into account all customer requirements, as well as its financial capacity. An individual program may include the following items:
* Insurance of construction works;
* Insurance of erection works;
* Insurance of construction equipment;
* Insurance of equipment at the construction site;
* Extended maintenance period;
* Liability insurance for third parties during the construction works.

A fundamental element of the insurance policy of construction risks is a direct insurance of contruction or erection works. The coverage amount in this case is set at full (estimated) construction cost. Amount of damages depends on the degree of completion of the facility minus the cost of usable residues.

Insurance Claims

Пожар на кораблеFire on ship

A fire began in the dark night on the moored ship. The captain’s assistance was the first who smelled that smoke. Urgent alarm made the team to rush and find out the seat of the fire. By the time it became clear that the cause of emergency is defective wire of generator, the fire had covered quite a large area. The team began to extinguish the fire trying on their own before the arrival of fire brigades. However, soon it became clear that without the specialists support it is impossible to handle the fire.

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