You have built a successful business? To make it sustainable, take care of its protection.
All Risks upon Performance of Construction & Assembly Works Insurance is intended for investors, entrepreneurs, contractors, sub-contractors or owners of construction-and-assembly sites, exercising activities in the medium-sized or corporate business.
Under the terms and conditions of All Risks upon Performance of Construction & Assembly Works Insurance, subject of insurance are construction and assembly activities at sites of any type in the area of high-rise and low-rise buildings, such as:
|Property Damage Section|| |
Тhe insurance coverage under Property Damage Section includes total loss or partial damage on the insured property, having arisen as a result of a sudden and unforeseeable manifestation of all risks, related to the performance of the construction and assembly works, except for those explicitly excluded as per the General Terms and Conditions under General Exclusions and Special Exclusions sections.
The coverage also automatically includes costs of up to 5% of the total sum insured for the property under Property Damage Section, incurred by the Insuree for damage containment purposes and for elimination of the consequences from the occurred insured event.
Depending on the specific needs, the main coverage may be expanded with additional clauses, such as:
|Loss of Profit Section|| |
Loss of Profit Section provides insurance coverage against actually sustained financial loss in case of delay in the planned delivery of the construction and assembly site and subsequent protraction of its commissioning as a result of damage, occurred on it and covered under Property Damage Section.
The insurance coverage provides insurance protection upon:
|Civil Liability Section|| |
To the main coverage under Property Damage section you may add Civil Liability of the Insuree or material and non-material damage caused by the Insuree to third persons, having arisen in direct relation with the carried out construction-and-assembly activities.
The indemnity is based on a liability limit, negotiated in advance and written down in the Insurance Policy.
|What is the contract period?||This insurance is being concluded for the period of construction-and assembly works as per the agreement for performance of the respective works and the implementation schedule, appended to it. |
The insurance coverage will enter into force as from the time of works initiation or after unloading the machinery and materials, listed in the Insurance Policy at the construction site.
|How is the sum insured being determined?|| |
You may conclude the insurance policy in one of the following ways:
The sum insured for machines, equipment and construction machinery can be determined by you using expert evaluation of a licensed appraiser or their book/balance sheet value.
|How is the insurance premium being determined?|| |
The insurance premium is determined depending on:
|Where can you conclude an insurance policy?||At DZI offices, as well as with our professional partners (agents and brokers)|
|Premium payment||An option to pay in installments, as each consecutive installment may be easily and quickly paid on-line here.|