What is Building and Construction Insurance?
Building and construction insurance is also called contractor or just construction insurance and covers unforeseen physical damage or loss of the insured property. It covers claims that contractors are liable for, in accordance with the contract agreement drawn up between your company and your client. This can be anything from a carpenter accidentally breaking a window to a mistake by a plumber causing major water damage.
If any of your clients claim damages from your company, our lawyers and experts can help investigate if you really are liable, and if so, we will negotiate with the claimant. In the event of legal proceedings, our lawyers and experts will represent you, and if you lose the case, the insurance covers the costs. Of course, the insurance also covers stolen machines or tools.