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SiperInsurance

Construction all-risks insurance

From the first day on site to handover: the works, materials, machinery and third-party liability in one policy. Banks financing a project usually require it.

A building site with a tower crane and concrete columns

Main terms

Price
0.3–0.6% of the contract value for the whole term
Term
The construction period + 12 months’ maintenance
Survey
An assessor visits the site within 3 working days
Payment
In stages

Who it is for

Contractors, clients, developers, installation companies.

What is paid

  • The works and the materials on site
  • Fire, flood, earthquake, storm
  • Theft and vandalism
  • Crane and machinery breakdown (as an option)
  • Damage to neighbouring buildings and passers-⁠by
  • A 12-⁠month maintenance period after handover

What is not paid

  • The design error itself (the damage it causes is covered)
  • Penalties and delays
  • Breaches of safety rules

When it happens

  1. Stop work and make the site safe.
  2. Tell us within 24 hours.
  3. Do not remove damaged parts before the assessor comes.
Report a claim

Documents you need

  • Policy
  • Site log and incident report
  • Cost estimate and completion papers
  • Photos

Questions

What do you need for an offer?

A description of the project, the cost estimate, the term and the address. We send an offer within 3 working days.

Request an offer

Fill in the form: an underwriter calls you within an hour during working hours.

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