Any work or installation that forms part of the work will be covered against direct accidental and unforeseeable material damage that is not excluded. This includes:
- Maintenance or storage cover
If the work contract includes a period of maintenance in the work performed for carrying out necessary repair or adjustments, you can opt for this extension of the insurance, which covers damage caused by the contractor while performing the work.
This cover can be extended to damage to the construction caused during execution that manifest later during the maintenance period.
- Construction machinery and equipment
Damage due to the same causes that might affect the construction itself, machinery such as cranes, diggers, concrete mixers, loaders, etc., and equipment such as scaffolding, pumps, forklifts, water tanks, cement silos, etc.
- Expenses for debris removal and demolition
Expenses as required for demolishing and removing rubble and debris from the site caused by an incident covered by the policy.
- Additional expenses for overtime
A loss can cause a delay in construction work. This cover includes any extra costs due to employing workers outside their normal hours to undertake the work of repairing the damage caused by a covered incident, in order to avoid delay and complete the work on schedule.
- Adjacent assets
The policy covers pre-existing or adjacent assets or properties in which the insured work is carried out (renovations, extensions, refurbishments or rehabilitations), provided that they are owned or are under the custody of the insured contractor. For the incident to be compensable, it must be caused by the execution of the insured construction work.
- Civil liability
Civil liability covers the payment of compensation for which the insured may be liable to third parties, for bodily or material damage that may be involuntarily caused by the execution of the insured work.
Legal costs and financing are also included. This cover may be extended by including what is called cross liability, in which each of the companies involved in the work is considered insured, as if they had taken out separate insurance. Employers' civil liability can also be taken out to cover the payment of compensation for damages or injury to site personnel included on the payroll due to work accidents.