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Construction All Risk Insurance Construction All Risk Insurance

Construction All Risk Insurance

You can secure any damages which may occur from the entry of construction materials to the construction site until the delivery of the constructed building.

What is Construction All Risk Insurance?

It is an insurance product that covers all risks faced by the construction subject to insurance from the date of commencement until the date of final acceptance.

What is the content of Construction All Risk Insurance?

  • It covers your loss and damages with respect to risks such as fire, earthquake, theft, flood, terrorist activities, construction site accidents etc. that may occur in your construction site.
  • It covers the damages to surrounding buildings and persons due to risks that may occur in construction.
  • It covers damages to construction heavy equipment in construction site.
  • It covers the compensation amounts decided by SGK to be paid to workers due to occupational accidents.

Features

Preventing Economic Difficulties

Minimization of economical difficulties in case of increasing construction costs and damage.

Minimum Compensation Burden

Minimization of the economic hardship caused by the compensation that may be recourse to the contractor by the Social Security Institution due to occupational accidents.

Reducing Construction-Related Compensation Burden

Minimization of the economic hardship to be experienced as a result of compensation payments as a result of material and physical damage to third parties due to construction.

You can get detailed information about our product by contacting the nearest Vakıf Participation Branch, get a Construction All Risk Insurance quote and have a policy issued in your name.

Individuals and companies starting a construction project can take out a Construction All Risk policy.

It provides coverage against all risks such as earthquake, fire, storm, theft, flood, etc. faced by construction, construction machinery, existing facilities and structures and temporary construction site facilities. There is also liability coverage for damages to construction workers and third parties.

The amount of coverage and premium varies according to the project cost, duration and the nature of the construction.

Cash and installment options are offered from the customer account or by credit card. The number of installments is determined according to the construction period.

Construction All Risk Insurance can be arranged by Neova Participation Insurance, Bereket Insurance, HDI Participation Insurance and Turkiye Participation Insurance.

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