Technical Insurance

These are all insurance contracts against all risk that insure:

Private or Public Works of Civil Engineers during their construction (CAR)
Assembly works of metal structures or assembly of machines during their installation and during their test operation
Insurance can be extended during maintenance (simple / extended)
It is also foreseen the coverage of claims of third parties, consequently as a consequence of body injuries and material damages that will occur from/and during the execution of the works, as well as the coverage of the technical staff employed in the project, for the liabilities apart from those of Social Insurance Institute or other insurance institute.

Object of Insurance

A CAR Insurance Policy covers all construction / civil engineering projects, such as:

Residential buildings, factory offices, schools, theaters, stadiums, factories, etc.
Roads, airports, etc.

An EAR Insurance covers:

Independent engines, turbines, generators, internal combustion engines, electric motors etc
Installations of production units, power plants.

Description of Indicative Covers

Material damage of the project itself (Section I)
Material damages that will occur in the project itself, during its construction, are covered. The following coverages are indicated:

Fire, lightning strike, explosion
Disasters of all kinds and causes and other natural phenomena
Earthquake
Theft and malicious actions
Subsidence, landslide, retreat, soil weakening
Debris disposal costs in case of a covered event
Damage during the execution of works, on property surrounding / adjacent to the construction site owned by the developer / policyholder / the insured, or under their care / custody / control
Coverage of mechanic / mechanical equipment of the contractor.

General Civil & Employer Liability (Section II)

Third party liability for personal injury / death & property damage that will occur from and during the execution of the works
Body injuries / death of the technical staff employed in the project, for the liabilities apart from those of Social Insurance Institute or other insurance institute.

Additional Covers

Cross Liability Coverage, which covers any civil liability that may arise between the parties that are insured and participate in the construction of the project, in relation to the material damage that may be caused to each other, during execution of work.

False Study Coverage, which covers damages that will be caused to correctly executed parts of the project a) by parts that were not executed / not designed properly or b) by parts of the project that caused damage to properly executed parts of the project due to defective material or imperfection.

Coverage of emergency fare, airfare, overtime, etc.

Coverage During Maintenance

Simple maintenance
Damages / losses that will be caused in the insured project by the insured contractors / subcontractors, during maintenance work, as they are provided and defined by the contract are covered.

Extended maintenance
Damages / losses that will occur during the maintenance period are also covered, but the operative cause of these damages goes back to the construction period of the project.