Building a house often entails unforeseen expenses. With builder's risk insurance from Helvetia you can play it safe and embark on the next construction phase with peace of mind.
Helvetia’s builder's risk insurance is a combination of builder's risk and client's public liability insurance. This affords all parties involved in the construction financial protection.
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.