If you’re building, you need security, as building always involves certain risks, unforeseen breakdowns and delays. Protect yourself against the unpredicted financial consequences of accidents or building damage with Helvetia builder’s risk insurance.
In the builder's risk insurance you can take out builder’s risk insurance and builder’s liability insurance individually or combined.
Anyone who builds a structure or has one built faces the risk that the property created might be damaged or destroyed before it is even used. The builder’s risk insurance is a property insurance for building projects that can be concluded for the duration of the construction phase. It protects the insured person from the financial consequences of damage to the building work.
The builder can be held liable for damages, for example to the neighbouring plot, occurring during the building work. This applies even where there is no culpability (strict liability). The builder’s liability insurance is a financial loss insurance that protects the person who causes damage to third parties against financial losses.
A group of young people decide to have a party in a building shell. In the process, fittings and window panes are broken. Claim amount CHF 13,600.
Costs are incurred for replacement, clearance and disposal of destroyed casing material (replacement at current value), concrete and reinforcement, as well as costs for the reconstruction of the casing and the relaying of the reinforcement. The total costs amount to CHF 150,000.
During the interior construction phase of a new single family house, the building is broken into over the weekend. In the process, all the kitchen appliances already fitted are stolen and there is further property damage to the construction work already carried out. The total costs amount to CHF 16,000.
As the crane jib swings, a pallet of bricks falls from the hook and damages the neighbour’s garage extension. Since the precise cause cannot be clarified, the builder becomes liable for the total losses of CHF 38,000. Description: Helvetia builder’s risk insurance protects you from the consequences of accidents or building damage, so you’re prepared for anything. Get information now!