Developer
Protecting the investment.
Usually takes out the policy for the whole project to ensure that every party involved is covered.
- All risks for the entire project
- Ten-year structural insurance for housing
- Coordination of contractors' policies
Businesses
Contractors' and erection all risks
Your project covered from setting out to handover.
- Setting out
- Construction
- Testing
- Handover
- Maintenance
- During construction
- Covered
- After handover
- Guarantee
- Subcontractors
- We check they are included
What the policy covers.
On a construction site the developer, contractor and subcontractors work side by side, and when something collapses nobody wants to be held responsible. Contractors' all risks insurance covers damage to the works themselves during construction, and is complemented by third-party liability cover and the subsequent maintenance period.
- Damage to the works during construction
- Third-party liability
- Construction plant and equipment
- Maintenance and guarantee period
- Owner's and subcontractors' risks
- Weather damage
Who needs what.
Contractor
Meeting the contract terms.
Many contracts require the contractor to provide evidence of all risks and liability cover before work begins.
- Contractors' all risks, single project or annual
- Public and employer's liability
- Own plant and machinery
Subcontractors
Being included in the policy.
We check that the main policy includes subcontractors, or we top up their cover.
- Inclusion as additional insureds
- Own business liability
- Certificates for the main contractor
Cover that follows the works.
- During constructionCovered
- Testing and commissioningErection all risks
- After handoverGuarantee
- Ten-year structural insurance for housingTen years for structural damage
-
Setting out
The policy comes into force, including materials stored on site.
-
Construction
Material damage to the works and third-party liability.
-
Testing
Testing and commissioning of installations, under erection all risks.
-
Handover
End of the main cover and handover to the owner.
-
Maintenance
Maintenance period with cover for remedial works.
Ley 38/1999 de Ordenación de la Edificación (Spanish Building Act)
Ten-year latent defects insurance for housing.
In buildings intended mainly for residential use, the developer must take out insurance covering, for ten years, material damage caused by defects affecting the structure.
Without it, the declaration of new construction cannot be entered in the Land Registry.
- Ten years for structural damage
- Compulsory for new-build housing
- Requires a technical inspection body during construction
Projects in Barcelona and the surrounding area.
We work with developers and building contractors of all sizes, from refurbishments in the Eixample to industrial warehouses.
Knowing the requirements of each type of contract allows us to prepare the insurance documentation without delaying signature.
Questions about contractors' all risks.
Who should take it out, the developer or the building contractor?
Either can take it out, but the insured must be whoever bears the risk under the contract. We review it with the tender specifications in hand.
Does it cover design errors?
Some policies include designer risk with limits; others exclude it. It is a point we specifically check.
What happens after handover?
The maintenance period begins, covering damage that appears after handover. It is advisable to arrange it for a sufficient term.