Recipients
Site owners, property developers, financing entities, contractors and subcontractors.
The construction industry has always been a pillar of the Portuguese economy and a very significant part of its Gross Domestic Product. However, it is also an industry that carries a number of complex and sometimes large risks. Since it was founded, Corbroker has had extensive experience in risk management in this sector, acting as consultants to some of the biggest players in the Portuguese market.
We have professionals dedicated to this area and we use our experience in risk assessment and our knowledge of the industry to structure programmes that allow us to mitigate risk and manage any claims more effectively.
Scope of insurance
The insurance is intended to guarantee any losses or material damage suffered by the work, assembly and/or insured objects as a result of a sudden and unforeseen event, and the most common coverages include:
- Fire;
- Phenomena of nature;
- Accidents resulting from design, material or labour errors;
- Fall or collapse of the endeavour;
- Water damage (floods);
- Theft or robbery;
- Additional debris removal costs.
Optional cover
The contract can also guarantee other covers such as:
- Non-contractual civil liability - damage caused to third parties by material and/or bodily harm as a result of an accident directly related to the insured work;
- Auxiliary means and equipment to be used on site;
- Financial loss or loss of profit resulting from a delay in the completion of the work caused by a claim covered by the policy.
Elements needed to analyse risk
- Policyholder details;
- Description and justification;
- Budget;
- Work programme;
- Geotechnical report;
- Specifications;
- Significant drawings.