CONSTRUCTION ALL RISKS INSURANCE

Construction All Risks Insurance covers all types of construction projects (buildings, roads, dams, ports, sewer systems, drinking water and power lines, airports, etc.) from the first day of construction until the project is completed or delivered, with coverage suitable for your risks.

Construction All Risks Insurance automatically covers the following main risks, provided they occur suddenly and unexpectedly:

• All types of natural disasters, including earthquakes, floods, storms, landslides, and soil collapse
• Theft and attempted theft
• Fire, lightning, and explosion
• Collision by air and land vehicles
• Indirect damages caused by faulty workmanship and defective materials

The scope of Construction All Risks Insurance can be expanded with the following additional coverage:

• Debris removal expenses
•  Construction machinery
• Site facilities
• Third-party liability
• Maintenance period
• Strikes, lockouts, riots, civil commotions, terrorism
• Overtime and express transport expenses required due to damage

In Construction All Risks Insurance, the insured value is the insurable amount. At the start of the project, the insurance amount can be based on the "contract value." However, in our country with high inflation, the insurance amount must be constantly updated; otherwise, in the event of a loss, underinsurance may apply.