Αt ΗORIZON, within the Technical Insurance sector, we offer specialized all-risk insurance programs, which are aimed at private owners who want to cover the construction, erection or reconstruction of buildings, residences or other private projects.
The specific insurance programs need to be reviewed by building owners, as well as contractors, construction companies, responsible civil engineers, etc.
The “All Risk” technical insurance plans cover all types of unforeseen and sudden damages to any construction project (except for specific named cases) as well as for third-party liability and employer’s liability.
Technical All Risk Insurance for Building Construction Contractors
This program covers the construction of private buildings and consists of the following sections:
The first part of our insurance program covers any damages endured to the project itself during its construction, except if differently expressed and excluded by the general or special terms of the contract. Indicatively, the most important covered loss-causing events are:
- Earthquake
- Fire – explosion – lightning thunder
- Subsidence – landslide
- Human errors due to negligence or oversight
- Weather phenomena
- Rockfall
- Malicious action by third parties
The program also covers:
- Damages due to strikes, riots, political unrest
- Damages to construction camps and warehouses
- Debris removal costs
- Damages to existing property
