Insurance for developers
Scope of the insurance
Guaranteeing the most common risks revolving around the building process.
Basic cover
Damage to the site:
- Conventional risk
- Fire, explosion and lightning.
- Robbery and ransacking
- Falling aircraft, crashes from vehicles and impacts.
- Fire extinguishing costs.
- Weather risks:
Damage is covered from high intensity meteorological phenomena (rain, wind, hail).
- Inherent worksite risks:This covers damage produced on site, as a consequence of the construction work, in all its phases. Particularly:
- Design errors
- Defective material
- Defective workforce It includes:
- Any other accidental and unexpected causes not expressly excluded.
- Wide reaching maintenance, usually lasting 12 months
- Damage derived from protest actions:
- Strikes
- Riots
- Civil commotion
Optional cover:
- Civil Responsibility derived from executing the work, deposits and defence
- Construction machinery
- Construction equipment
- Cranes
- Employees and workmen’s property
- Property which existed prior to construction
This insurance policy covers the promoter, contractor and constructor’s needs, and no other policies need to be contracted.
Exemptions
To be negotiated with the Company
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