In recent years, the courts have been more and more inclined to put the blame on contractors, engineers, design offices and architects when a building is defective, hence the increasing importance of fail-safe cover.
Three cover options
10-year guarantee insurance fully covers three risks. It is of vital importance for your building to be visited beforehand by an accredited control agency.
Prime contractor liability – You are covered for the entire value of the work, including any demolition and clearance costs.
Third party liability – Any injury to visitors or passers-by is covered when this is the result of a fault covered by the 10-year guarantee.
Additional cover – You may opt for extra protection against damage to structural components that were not controlled or against the immaterial consequences of damage for the prime contractor.
For each person responsible at each site
The costs of a minor or major defect in the structure can increase very quickly. A contractors' guarantee insurance policy is therefore relevant for all stakeholders. It may apply to all kinds of construction work: residential, commercial, industrial, public works, ...