Construction insurance
Construction all risks insurance
Damage suffered by the works during construction.
The essentials
During construction, the works can suffer damage: collapse, bad weather, theft of materials, site accidents.
Construction works insurance protects the works in progress. How effective it is depends on how the project and the parties involved are described.
The situations concerned
- New construction or major conversion.
- Works affecting an existing, occupied building.
- A site exposed to bad weather or to neighbouring properties.
How we support you
- A precise description of the project and the insured parties.
- Reading the exclusions and deductibles.
- Coordination with the existing buildings insurance.
Before deciding
Points to examine
- 01Sum insured and its revision during construction.
- 02Inclusion of existing buildings.
- 03Damage linked to a design or workmanship defect.
- 04Duration of cover until handover.
How it works
How we move forward together
- Step 1
Understand the project
Type of works, parties involved, timetable and contracts: we start from the actual project.
- Step 2
Allocate the risks
Who insures what between the project owner, contractors and consultants? We clarify responsibilities.
- Step 3
Put in place
Covers and guarantees are placed before work starts, with checked documents.
- Step 4
Follow the site
Amendments, changes to the timetable or the amount: the arrangements follow the progress of the works.
- Step 5
Close
Handover, end of guarantees and retention of the relevant documents.
Frequently asked questions
Your questions
Who takes out construction works insurance?
Often the project owner, on behalf of all parties involved, but other arrangements are possible. This choice must be consistent with the construction contracts.
Is the existing building covered?
Not automatically. Damage to the existing building must be provided for and coordinated with the buildings insurance.
Are workmanship defects covered?
The defect itself is generally excluded; certain resulting damage may be covered depending on the conditions.
What should be done if the works overrun?
Inform the insurer before the end of the planned period so that the duration of cover can be adjusted.
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