Every construction project involves different companies, suppliers and contractual obligations.
Damage to works, site accidents, third-party liability and delays can affect timing and costs. That is why we assess risks starting from the characteristics of the project, the stages of execution and the responsibilities of each party involved.
Major projects
Building
Infrastructure
Plant engineering
Engineering
General contracting
We support contractors and clients on major civil and building works, with insurance programmes structured for public and private contracts.
We assess and manage the most complex technological risks and set up framework agreements for CAR risks according to the type of works carried out.
We gather information on the project and on the client’s experience with the type of works, and analyse the insurance risk on the basis of the contract and technical documents: works schedule, geological report and project description.
We prepare the quotation slip with specific conditions, deductibles and sub-limits for specific sections of cover, together with the necessary technical and contract documents.
We approach a selected group of insurers specialising in the type of risk, such as tunnels, roads, civil works and housing, working with construction-sector insurers. We compare the quotations received and present the offer, usually within about 10 working days.
We follow claims from notification to settlement, coordinating loss adjusters and insurers and drawing on the Group’s loss adjusting expertise.