From the ground-breaking ceremony through to the finished building, many people are involved in a construction project – and that creates potential for accidents. Construction insurance protects you against the financial consequences of such accidents during the entire building phase.
Helvetia’s construction insurance is a combination of construction all-risk insurance and builder’s liability insurance. It thus provides cover for the financial consequences of damage caused to the building under construction and claims for damages brought by third parties not involved in the construction project.
Helvetia construction all-risk insurance is property insurance for building projects. It covers damage caused to the building under construction, such as through accidents, malicious damage or theft. The insurance also covers all building materials and components.
Helvetia covers costs arising out of structural damage for up to two years after the date of acceptance:
Depending on your individual requirements, you can cover additional risks. You can supplement your basic construction all-risk insurance with one of three possible packages:
The Light combi supplementary insurance package covers
The Plus combi supplementary insurance package covers the above risks as well as
Helvetia offers other supplementary insurance that you can conclude separately:
Builder’s liability insurance is a type of financial loss insurance. As the client, you are responsible for any injury or damage your construction work causes to third parties. The insurance protects you against financial claims arising out of such cases of personal injury or property damage. It indemnifies justified claims and helps you mount a defence against unjustified ones.
Example As the jib of a crane is turning, a pallet of bricks slips off the hook, damaging the neighbour’s garage. As the exact cause of the accident cannot be determined, the client is liable in full for the damage.