Liability insurance for the construction industry: On a construction site, small errors can have major consequences for which you as contractor are liable. If third parties suffer losses due to your operation or your employees, your company together with its assets will be held liable. Zurich provides optimal protection against these kinds of unpredictable risks.
New building or renovations – as a contractor on a construction site, you are subject to various liability risks such as inadequately protected buildings sites, flawed installation of roof tiles and faulty wiring.
Business premises risk: Risks relating to buildings, premises, plants or properties.
Example: Part of the ceiling comes loose at your construction firm and injures customers.
Operational risk: Risks brought about by day-to-day operations.
Example: While building work is underway, a wall collapses and injures someone.
Product risk: Risks arising from manufactured, processed or sold products.
Example: A water pipe you installed breaks and the leaking water causes considerable damage to the building.
Environmental risk: Risks to which the company is exposed as a result of an unexpected environmental incident.
Example: A neighboring plot of land is contaminated by leaking liquid.
Dismantling and assembly expenses: A wooden floor you installed in a sauna was not treated for moisture protection and warps over time. The costs for dismantling and assembly are insured.
Determination and remedy costs: As a water pipe you supplied is leaking in a building, the defective section has to be found using a pipe camera. The costs for the search with the camera are insured.
Financial losses due to incidents during construction: During construction work, an underground power cable belonging to an electricity plant is damaged, whereby businesses dependent on it suffer business interruptions and thus financial losses. These purely financial losses are insured.
Extended loss to property in the custody of/worked upon by the insured: You are drilling into a wall and as you do so the sandstone crumbles around the drill hole. The crumbled sandstone is insured.