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BUILDERS RISK INSURANCE
Builders risk insurance (or course of construction) is a complex and flexible means of protection of financial interests for each project party. Insurance covers different types of builder’s and associated risks and consists of not only basic coverage, protecting against physical damage to building works, but can also have a more complex form, for example, include investor’s' loss of profit insurance.
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LLC "Insurance broker "SIGMA"Description
Builders risk insurance is a complex area with a huge variety of coverage types, insurance terms and special provisions. Each insurance program is designed to satisfy interests of all members of the project considering specifics of each project, parties’ requirements and cost-effectiveness principle.
The framework of each builder’s risk insurance policy (agreement) is coverage against loss of or damage to buildings (including those under construction) and basic construction materials, including temporary facilities etc. The policy usually includes third party liability.
Scope of coverage can also be different, i.e. including or excluding events occurring due to design errors, covering extended maintenance or terminating when commissioning the object to the customer. Besides, we can offer vast number of additional insurance covers and extensions, i.e. building machinery insurance, materials storage outside the construction site and many other.
Website: www.sigmallc.ru/eng
The framework of each builder’s risk insurance policy (agreement) is coverage against loss of or damage to buildings (including those under construction) and basic construction materials, including temporary facilities etc. The policy usually includes third party liability.
Scope of coverage can also be different, i.e. including or excluding events occurring due to design errors, covering extended maintenance or terminating when commissioning the object to the customer. Besides, we can offer vast number of additional insurance covers and extensions, i.e. building machinery insurance, materials storage outside the construction site and many other.
Website: www.sigmallc.ru/eng