Building all-risk insurance
All-risk construction insurance, also known as "Contractors' All Risk", is an essential protection for construction professionals, including builder-developers. It provides compensation for any risks arising from construction until the work is handed over. Roederer's construction and real estate department has made this one of its specialities to guarantee the protection of builders in real estate projects.
Building all-risk insurance : the covered risks
In supplement to the Structural Damage insurance, the building all-risk insurance is a specific contract to be applied during building work until the property is delivered.
Depending on the nature of the contract, building all-risk insurance covers:
- Costs relating to damage (fire, collapse, water damage, vandalism, impact, fall, attack) that has affected the work during construction.
- Costs incurred in the event of a natural disaster (storm, cyclone, hurricane, etc.).
- Costs relating to human errors that occur on the site (e.g. handling errors, machinery hitting a wall).
- Financial losses.
- Costs relating to recourse by clients to whom you have sold items, for example for failure to meet delivery deadlines.
- Demolition and cleaning costs.
- Overtime for site workers.
- Damage to a third party, such as a neighbouring building affected by the loss.
A building all-risk insurance includes particularly extensive cover. Depending on your needs and the nature of the project, our construction and real estate experts help you identify the cover to be included in the contract.
Why take out building all-risk insurance?
Building all-risk insurance is essential for ensuring proper handover of the structure. The project may never come to fruition if a loss occurs and the funds guaranteeing reconstruction are not available.
This contract also protects you from financial losses, which can be particularly heavy. This is why it is essential to take out comprehensive building all-risk insurance to provide adequate protection against possible risks.
How to find the right building all-risk insurance for your project?
Our construction and real estate division understands the challenges facing businesses like yours. And because the continuation of the work is essential after a loss, you benefit from rapid compensation to ensure the continuity of the construction project.
In addition to your protection during the construction phase, we can also provide you with additional contracts, such as Structural Damage insurance, to cover you effectively after handover of the structure.