Every successful construction project starts with the right risk strategyInsurance concepts for investors, builders, project developers, and construction participants

Complex construction projects regularly include:

• several contracting parties with different levels of liability
• individual insurance policies taken out by the parties involved
• demanding financing structures
• innovative construction methods and digital processes such as BIM

Typical risks are:

• Property damage during the construction phase
• Errors in planning and execution
• Third-party liability claims
• Construction delays
• Recourse claims between project participants
• Liquidity burdens in the event of a claim

The lack of a coordinated overall concept will give rise to gaps in coverage, overlaps, and conflicts.

Construction project insurance is individually tailored to your construction project and covers, among other things, the relevant property, liability, and asset risks over the entire period of the project.

In contrast to isolated individual policies:

• all project participants are integrated
• responsibilities in the event of a claim are clearly defined
• underinsurance and double insurance are avoided
• requirements of banks and investors can be taken into account

We use ConstructionSecure to develop tailor-made project insurance concepts that are based on the investor and financing logic – not on individual insurance products.

Designed for flexible integration, the modules can be combined depending on the project structure:

• Pre-Construction All Risks (PreCAR) insurance
• Contractor’s All Risks (CAR) Insurance
• Erection All Risks (EAR) Insurance
• Business interruption insurance
• Transport insurance
• Insurance for extensions and installations
• Cyber insurance for BauCloud and BIM (Building Information Modeling)
• Aviation liability insurance for drones
• Builder’s liability insurance
• Business and product liability
• Planning liability
• Professional liability
• Environmental liability and damage insurance
• Special coverage for project managers and engineers

Possible structural models:

• All-in-One
  Joint project insurance for all parties involved.

• Difference in conditions / limits
  Supplement to existing insurance policies.
• Self-Insured Retention
  Insurance cover from a defined amount of damage.

Besides safeguarding the construction phase, stability during the warranty period plays a key role.

The combination with Construction Warranty Insurance (CWI) covers defects and consequential damage within the statutory warranty period.

At the same time, we integrate:

• banking requirements
• financing structures
• cost overrun protection
• ESG-relevant aspects

This creates planning security that goes beyond the construction phase.

When does combined project insurance make sense?

For all complex construction projects with a construction sum of 1 million euros or more.

Is construction insurance alone sufficient?

Usually not. While covering property damage, it does not cover comprehensive liability and structural issues.

Who bears the costs?

The costs are distributed on a project-by-project basis or are factored into the investment budget.

How long should the insurance run?

Ideally, until the overall completion of the project plus a tailor-made subsequent liability agreement