The insured object includes the performed constructions work as well as the construction materials.
It is also possible to insure the construction vehicles and machines, as well as tools, hire cabins, scaffolding, etc. located on the construction site.
The overall risk exposure insurance for construction works compensates damage caused by:
- the negligence and ineptitude of workers;
- burglary, vandalism;
- natural forces;
- other damage, provided its causes are not excluded by the insurance terms.
It is also possible to select additional insurance covers that compensate:
- damage caused by the construction company to third parties (liability insurance);
- post-insured event cleaning expenses and expenses related to the removal of the consequences of the insured event;
- damage caused to the contracting entity’s existing building located in the immediate vicinity of the construction site in the course of construction work.