CURRENT SITUATION OF THE CONSTRUCTION BUSINESS
Construction projects are meticulously planned, however, unforeseen incidents may delay the construction works. But it can get even worse: A seemingly small gap in the insurance concept may lead to severe damage. Given the variety and complexity of risks in the construction industry, a custom tailored insurance concept is indispensable. In any case, a comprehensive insurance should cover the company’s operating site including machinery and equipment, liability against third parties and the construction work itself. This way you can master day-to-day challenges in the construction business and keep costs at a minimum in case of damage.
Decline in orders due to economic recession
Construction damages as a consequence of thunderstorms and force of nature
Product and liability risks (constructional defects)
Operational and personnel risks