Construction and Installation Insurance

ABOUT THE PRODUCT
If you need reliable protection for your construction or installation project, the Construction and Installation Insurance from PREMIUM Insurance Company will provide you with comprehensive coverage for the entire duration of construction or installation works.
We will insure your work in progress against damage caused by natural disasters, theft, defective workmanship, or faulty materials. The insurance is arranged with ALL-RISKS coverage, meaning it covers all damages except those explicitly excluded in the insurance terms and conditions.
Our protection is not limited to the work itself. We also insure your machinery and equipment, construction site facilities, installation sites, surrounding buildings, and other property in your possession. In addition, you are covered for liability for damage caused to third parties.
This insurance is designed for all participants in the construction or installation process. Investors, main contractors, and all subcontractors involved in the project can be insured. Secure your project with quality insurance and carry out construction or installation works without unnecessary risks.

INSURANCE COVERAGE
Basic insurance cover
Are you building or installing a new project? Our insurance offers comprehensive protection against a wide range of risks associated with construction and installation activities. We provide coverage aligned with international standards to ensure your project is protected to the fullest extent possible.
What can you insure?
- The construction and installation work itself
- Equipment at the construction or installation site
- Construction and installation machinery – coverage for equipment used during the construction or installation process
- Existing property – insurance for owned, used, or managed property located at the insured site, even if it is not actively used in the construction or installation works,
- Costs incurred after an insured event – we cover site clearance, express surcharges, or air transport of spare parts. This also includes labour costs related to the restoration of damaged items, such as overtime pay, night work, or work on holidays
- Liability for damage – protection against third-party damage arising in connection with your construction and installation works
EXTENSION OF INSURANCE COVERAGE
Are you looking for even more comprehensive insurance for your construction or installation project? You can enhance your basic construction and installation insurance with valuable additional coverage that provides even greater protection for your work.
Cross-liability
Cross-liability covers damage caused between individual parties involved in the construction and installation process. This extension is ideal for projects involving multiple contractors or suppliers.
Warranty works
Insurance does not end with the handover of the completed work. Extend your coverage to include warranty works after the project has been handed over, ensuring protection throughout the warranty period.
Stored items
Not all equipment must be stored on the construction site. Our extended insurance also covers items stored off-site, giving you greater flexibility in managing your project logistics.
Transport of items
Ensure your items are protected during transport.
Project errors
Even the most experienced designers can make mistakes. This additional coverage protects you against damage resulting from errors in project documentation.
Expand your basic construction and installation insurance and secure comprehensive protection for your project at every stage of its development.