The best comprehensive insurance in construction
When starting a construction project, we understand that attention to detail and anticipation of risks are crucial. ASSAP’s comprehensive construction insurance is designed to offer comprehensive coverage against material damage and unexpected losses, safeguarding both the infrastructure and the machinery and equipment used: scaffolding, forklifts, electric generators, ladders, etc.
This policy is established from the beginning of the work and extends until its completion to ensure peace of mind and constant support. It also provides one year of subsequent maintenance protection.
What does comprehensive construction insurance consist of?
Comprehensive construction insurance offers comprehensive coverage for construction projects. It protects against accidental damage on site and includes materials and equipment. It covers everything from natural risks to human error, thus ensuring the continuity and financial stability of the project, as well as providing essential support in the event of any setback during construction.
What does all-risk construction cover?
Coverages included
With and without deductible *
One year maintenance
Coverage is extended for one year from the completion of the work.
Strike
This coverage protects your investment against losses that may arise if a labor strike interrupts the continuity of your work.
For example, if your team members decide to exercise their right to protest, which could cause delays and additional expenses, this policy kicks in to absorb those unforeseen expenses.
Personal effects of employees
Provides financial security for workers personal items that could be damaged or lost on the job site.
For example, if an employee leaves his or her cell phone in a work area and it gets lost in construction debris, this coverage would take care of the costs associated with replacing the affected item.
Pre-existing assets
This coverage specifically addresses material damage that could occur to existing parts of the property during the execution of new construction work.
For example, if during the extension of a property, a machine accidentally damages an already built part, such as a wall or the electrical installation, this coverage will cover the repair costs.
Material damage
It insures against damage that may be suffered by the structure under construction, the materials and the equipment used, due to unexpected incidents on the construction site.
For example, if a storm knocks down scaffolding and causes damage to your building and equipment, this coverage kicks in to cover repair or replacement.
Additional coverages
Demolition or rubble removal costs
It covers the costs of cleaning up or demolishing what has been damaged after an accident so that reconstruction can begin.
For example, if a fire affects part of a building and leaves debris that prevents work from continuing, this coverage covers the costs associated with removing that debris and demolishing unstable or unrecoverable structures.
Firefighting costs
It covers the costs associated with controlling and extinguishing a fire that may occur on the site.
For example, if a fire breaks out in your building, this coverage will cover the costs of firefighters and other methods used to extinguish the fire.
Additional costs
* Coverage and services are subject to the terms and conditions applicable to your insurance. This section has no contractual value.