Project Insurance

CAR insurance provides comprehensive and adequate protection during a construction project. It covers damage to work, construction machinery, equipment, and materials included in the contract, as well as third-party property damage and personal injury claims that may arise in connection with the project.

This insurance can be taken out by the developer or contractors involved in the project, including subcontractors. CAR insurance covers all risks, except those specifically excluded. This means that almost all sudden and unexpected damage during the insurance period is covered.
 

EAR insurance is designed to provide comprehensive and adequate coverage for machinery, equipment, and steel structure erection projects. It also covers property damage and personal injury claims made by third parties in connection with damage caused during erection.

EAR insurance offers very comprehensive insurance coverage. In practice, this means that almost all sudden and unexpected damage to insured property at the erection site is covered during the term of the insurance.
 

Third-party liability insurance (TPL) covers damage, loss, or injury that may be caused to other parties by the insured's activities. The insurance coverage applies in particular to the well-being of third parties (i.e. parties other than the policyholder or insurer).

ALoP and DSU insurance protect against financial losses caused by delays in construction and infrastructure projects. Advance Loss of Profit (ALoP) covers additional costs incurred by the company and lost profits if the completion of the project is delayed as a result of damage covered by the insurance. This insurance is also known as Delay in Start-up insurance (DSU).

Contractor's Plant and Equipment insurance covers all physical damage to the contractor's machinery that is not specifically excluded. The insurance protects against accidents that are not caused by gross negligence and damage caused by natural forces (such as falling trees or storm damage). Compensation covers the repair or replacement costs of the damaged machinery. The machinery is insured both at work and at rest, on third-party sites and during maintenance, including dismantling and reassembly.

Civil Engineering Completed Risks (CECR) insurance provides comprehensive protection for civil engineering structures after completion. It primarily covers damage caused by local geological conditions, the technical design of the structure, or the operation and use of the structure. CECR insurance covers, among other things, completed railways, roads, airports, tunnels, and bridges.

Machinery Breakdown (MB) insurance protects factories, machinery, and mechanical equipment against sudden and unexpected damage. The insurance supplements fire insurance and covers repair or replacement costs for damage that occurs during operation, downtime, or maintenance. It therefore covers the unexpected and sudden physical loss or damage to insured items that requires them to be repaired or replaced.

Comprehensive Machinery Insurance (CMI) and Industrial All Risk (IAR) insurance provide comprehensive protection for a company's fixed assets against unforeseeable damage, with the exception of damage specified in the "Exclusions." They cover both internal and external damage, including damage caused by natural disasters. In addition, they provide protection against loss of income or profits resulting from damage to physical property.

Electronic Equipment Insurance (EEI) protects all electrical and electronic systems against unexpected damage. This accident insurance covers damage that physically affects the insured equipment.

Business Interruption is an insurance against loss of net profits and continuing fixed charges during a period of total or partial suspension of business activity because of damage to described projects from covered perils. 

Inherent Defects Insurance (IDI) protects building owners and construction companies against damage caused by design, manufacturing or material defects affecting structural works, exterior walls and roofs, as well as possible consequential damage to non-structural works or the threat of collapse for a maximum of 10 years from the practical start date of construction.