Insurance for construction companies
Various different unexpected surprises can occur in construction industry that can cost valuable time and money for your company. Damage occurred to a construction object and equipment (for example fire, collapse, storm, etc.), accidents at work, illness of employees are the risks every company operating in construction industry faces. To manage these risks better, we recommend to buy insurance. This way the company can focus on its core business and leave the mitigation of risks to ERGO.
What kind of risks may materialise?
A company operating in construction industry faces various risks. Here are some real-life examples of insured events.
Mistakes made during the construction works
Damages to the building’s high-quality part may occur during the construction works due to construction materials or unsatisfactory work.
Accident occurs during the construction works
Accidents can happen in the course of the construction works during installation, for example a crane falls on the construction object during lifting work. Water damage and fire damage may occur, for example a construction object may catch fire during welding or using open fire at roof works. Work accidents also happen, in which an employee might get hurt.
Damage occurs after the completion of
Damage to both
construction object and third persons may also occur after the transfer of a
construction object. For example, defective electrical installation causes
fire, resulting in damage to both the constructed apartment building as well as
its residents and their property.