Are you a building contractor? Then you know that during the course of the works you can face a lot of unforeseen situations that can cause you financial losses.

CAR insurance from Euroins gives you the security you need to make sure your project successfully reaches completion.

What is insured

Let's imagine together that the work you are about to complete is affected by a fire. Or that one of the equipment essential to the smooth running of the works has been stolen and so you can't fulfil your contract. Well, our CAR insurance helps you in these situations.

We have created a two-section insurance policy for you:

• Section I, which will cover property damage caused by any unforeseen risk such as, but not limited to: fire, lightning, explosion, earthquake, flood, landslide, theft, workmanship errors, installation errors, etc.

• Section II, for damage that you may cause to third parties in connection with the construction - assembly works, for which you are liable by law, as a result of accidental bodily injury (death or permanent disability - total or partial) or property damage suffered by property belonging to third parties and directly related to the construction - assembly insured.

What you need it for

We cover the following:

• Contractual construction and/or erection work;

• Site plant, equipment and machinery;

• Assets located on the Beneficiary's owned property;

• Expenses for cleaning/removal of debris in case of damage, fire brigade intervention, professional fees (architects, consultants, experts);

• Damage caused to third parties due to its own fault within the liability limit stated in the policy, property damage and personal injury.

As you are well aware, the construction-assembly policy has a multitude of additional and special clauses, and you can find them all with us:

• Supplementary clause 001 - loss or damage caused by strikes, riots and civil commotion;

• Supplementary clause 004 - extended warranty period;

• Supplementary Clause 006 - additional expenses relating to work outside normal working hours;

• Supplementary clause 007 - additional expenses for air transport;

• Supplementary clause 008 - structures located in seismic zones;

• Supplementary clause 009 - exclusion of damage or loss caused by earthquake;

• Supplementary clause 010 - exclusion of damage or loss caused by flooding;

• Supplementary clause 012 - exclusion of damage, loss or liability due to storm and storm water;

• Supplementary clause 002 - cross liability;

• Supplementary clause 011 - series of claims/assembly work;

• Supplementary Clause 005 - schedule of construction-assembly works;

• Supplementary clause 014 - exclusion of terrorism;

• Supplementary clause 040 - de-watering/drainage;

• Supplementary clause 035 - de-watering works;

• Supplementary clause 003 - cover for interventions during the guarantee period;

• Supplementary clause 013 - goods stored off-site;

• Supplementary clause 070 - exclusion of pollution and contamination;

• Supplementary clause 101 - execution of works for tunnels and underground galleries;

• Supplementary clause 102 - underground cables, pipes and other utilities;

• Supplementary Clause 105 - existing structures and/or property in the immediate vicinity of the construction-assembly site;

• Supplementary Clause 107 - site organization/storage facilities;

• Supplementary clause 108 - construction machinery, equipment and plant;

• Supplementary clause 109 - construction materials;

• Supplementary clause 111 - removal of debris following landslide;

• Supplementary clause 112 - prevention of fire on construction sites;

• Supplementary clause 115 - designer's risk;

• Supplementary clause 117 - laying of water and gas pipes and conduits;

• Supplementary Clause 116 - cover for contract works which has been taken over or put into service;

• Supplementary Clause 121 - special conditions relating to foundation works with piles and retaining walls;

• Supplementary Clause 120 - special conditions relating to vibration, displacement/loosening of supporting elements;

• Supplementary Clause 100 - extension of coverage of testing operations for machinery/equipment/installations;

• Supplementary clause 106 - sections/trunks;

• Supplementary Clause 114 - compensation for consequential damage;

• Supplementary Clause 113 - internal transit/construction works;

• Supplementary clause 103 - exclusion of damage to crops, forests, crops and unattended domestic animals;

• Supplementary Clause 110 - measures to prevent damage caused by rainfall, overflowing waters, floods;

• Supplementary clause 119 - existing property in the ownership of the beneficiary or property in the ownership or legal custody of the insured;

• Supplementary clause 200 - producer's liability;

• Supplementary clause 202 - insurance of plant, machinery and equipment;

• Supplementary Clause 217 - conditions relating to uncovered trenches during installation of pipes, tubes and cables;

• Supplementary Clause 214 - exclusion of damage caused by subsidence;

• Supplementary Clause 206 - special conditions relating to fire-fighting equipment and fire safety measures at construction sites;

• Special clause - contractors' equipment and machinery - provisional cover;

• Special clause - employment of liquidator;

• Special clause - waiver of right of recourse;

• Special clause - fifty-fifty (50/50);

• Special clause - replenishment of sum insured for supplementary clause 119;

• Special clause - multiple insureds;

• Special clause - special agreement on the definition of the site;

• Special clause - section II - extended maintenance period;

• Special clause - 72 hours;

• Special clause - non-completion of construction-assembly work.

How much it costs

Given the multitude of possible projects, we cannot estimate an insurance premium without more details. Contact us through our partners and we will provide you with the necessary support and a personalized quote. 

Documents

Insurance conditions PHOENIX C.A.R.

Information document PHOENIX C.A.R.

Product presentation PHOENIX C.A.R.