Construction
Construction insurance policies are designed primarily for construction companies. You can insure the whole equipment (cranes, concrete mixers, excavators) against such events as fire or flood. The policy also provides reimbursement in case of a theft or a destruction. Construction-assembly insurance policies also protect against the results of construction accidents, the elements (lightning, fire) as well as failures of equipment and electrical installations.
- Construction and construction-assembly insurance policies are designed for construction industry
- Such policies protect the whole construction equipment
A construction policy is usually of a significant value, that is why most companies use the brokers' services here. Insurance contracts are not settled for a specified period of time (for example one year), but are rather limited to a specific contract, from the beginning of the investment to its completion. It is also possible to include one large framework agreement for all contracts executed by the company. Premiums can be paid at once or in installments.
If we signed a framework agreement, that is we have insurance for all the contracts, we have to keep the insurer informed of any newly launched investment. At any time, whenever we consider it necessary, we may expand our insurance policy to additional risk. The insurer then calculates how much the additional premium will cost. Always remember to check safety at the construction site and make sure all the technical tests are valid and all materials do not have any defects.
What is the CARGO policy?
Insurance protecting property during transport is called CARGO. It is used by all the companies whose business is related in any way to the transport of goods. The policy protects us against the destruction or theft. The compensation is granted both when we use our own and rented means of transport - provided we have bought an appropriate insurance.
What is a trade credit?
A trade credit insurance policy is, speaking briefly, a protection against a dishonest contractor. Late payments can ruin the liquidity of each company, in particular of small and medium-sized businesses. A credit insurance policy is useful to all those who sell any goods and allow contractors for delayed payment term. If you happen to meet a dishonest contractor, you are sure that the money from unpaid invoices shall be paid by the insurer we have settled a contract with.
What is a group insurance policy?
Regardless of the branch an accident can occur in any company. Therefore its owners should think about the safety of their employees and their employees' families. When we decide to have a group insurance policy in our company, we can be certain that the of an injured employee will have financial means to live. What is more, in case of a simple cold or a serious disease our employees can expect medical care of the highest level.
We notify the insurance company as soon as possible. It is best if we define the size and type of damage. On request we should provide the insurer with all the documents and information necessary to estimate the damage. If the damage is large in size, or if there was a crime ciommitted on a construction site, we also have to notify the police and other services. The insurer is obliged to pay us fair compensation within the period specified in the contract of insurance.
Notify the insurer
In case of a damage we should notify the insurer immediately by phone or directly in the office.
Formalities
Provide the insurer with all the necessary documents and explanations. The sooner the formalities are completed, the faster the compensation is paid.
Receive compensation
After the formalities and estimation of the damages have been completed by an insurer's expert, the compensation will be paid to your account.