Construction and equipment erection insurance
We offer construction insurance which ensures coverage for the construction and installation works – from the beginning of the work to its completion. This insurance is relevant for builders, contractors and subcontractors, construction financing institutions.
Construction insurance
for your smooth projects
We offer insurance against all risks: your construction work will be covered against a fire, forces of nature, water, theft and any other sudden and unexpected events, except for the cases listed in the non-insured events section of the insurance terms and conditions.
Many years of insurance experience in this area
We have the longest practice in working with this insurance, the greatest experience in risk assessment and claim settlement.
Leading insurer
We are a leader in classic construction insurance.
A wide range of insurance coverage
Compulsory construction insurance includes insurance of the property under construction and civil liability risks of the
contractor. Along with this insurance, you can choose additional products and protect your company from unplanned expenses.
Customised insurance coverage
We adapt the insurance coverage according to your needs and make sure that the insurance covers all the risks relevant to the object under construction.
What may be covered by Construction and equipment erection insurance?
All risks
With the insurance of installation works and construction works, we insure the construction works of: residential buildings, non-residential buildings, transport communications, engineering networks, installed equipment, any other structures, against the following insured events:
- fire;
- water;
- forces of nature;
- glass breakage;
- other property risks;
- compulsory contractor’s liability insurance.
Fire
coverage is valid against:
- fire and its consequences;
- explosion;
- lightning strike;
- falling of flying machines, their parts or load;
- spontaneous falling of other objects.
Water
coverage is valid against:
- emergencies in the water supply and sewage system;
- emergencies in the heating and air conditioning system;
- emergencies in the fire extinguishing and irrigation system;
- emergencies in the engineering system.
Forces of nature
coverage is valid against:
- storm;
- hail;
- sudden and unexpected flood;
- snow pressure;
- heavy rain;
- soil subsidence and soil slide.
Glass breakage
coverage is valid against broken or split glazing of the insured property, including losses to other insured property caused by broken glass.
Other property risks
coverage is valid against other, sudden and unexpected events that are not specified as non-insured events in the insurance terms and conditions;
Compulsory contractor’s liability insurance
coverage is valid against compensation of losses to third parties if their property or health is damaged as a result of the insured construction operations.
What may be covered by Construction and equipment erection insurance?
With the insurance of installation works and construction works, we insure the construction works of: residential buildings, non-residential buildings, transport communications, engineering networks, installed equipment, any other structures, against the following insured events:
- fire;
- water;
- forces of nature;
- glass breakage;
- other property risks;
- compulsory contractor’s liability insurance.
coverage is valid against:
- fire and its consequences;
- explosion;
- lightning strike;
- falling of flying machines, their parts or load;
- spontaneous falling of other objects.
coverage is valid against:
- emergencies in the water supply and sewage system;
- emergencies in the heating and air conditioning system;
- emergencies in the fire extinguishing and irrigation system;
- emergencies in the engineering system.
coverage is valid against:
- storm;
- hail;
- sudden and unexpected flood;
- snow pressure;
- heavy rain;
- soil subsidence and soil slide.
coverage is valid against broken or split glazing of the insured property, including losses to other insured property caused by broken glass.
coverage is valid against other, sudden and unexpected events that are not specified as non-insured events in the insurance terms and conditions;
coverage is valid against compensation of losses to third parties if their property or health is damaged as a result of the insured construction operations.
Additional insurances
Insurance during the warranty period
covers insurance coverage for the insured works provided during the warranty period of 12 or 24 months.
Debris removal costs
insurance covers the costs of cleaning the construction site after the insured event, the costs of removing the remains after the fire.
Property insurance outside the construction site
covers the damage to the insured property that is stored outside the construction site (not in the construction site).
Construction materials in transit insurance
covers the losses if the insured property is damaged during transportation or unloading.
Insurance of work equipment at the construction site
covers the losses due to the damage of auxiliary equipment required for construction work (e.g. formwork,
Insurance of extra expenses
covers the additional expenses for overtime, work at night, work on public holidays and other expenses that are incurred in order to restore the insured property damaged due to the insured event more quickly
Additional insurances
covers insurance coverage for the insured works provided during the warranty period of 12 or 24 months.
insurance covers the costs of cleaning the construction site after the insured event, the costs of removing the remains after the fire.
covers the damage to the insured property that is stored outside the construction site (not in the construction site).
covers the losses if the insured property is damaged during transportation or unloading.
covers the losses due to the damage of auxiliary equipment required for construction work (e.g. formwork,
covers the additional expenses for overtime, work at night, work on public holidays and other expenses that are incurred in order to restore the insured property damaged due to the insured event more quickly
Types of insurance:
Construction work insurance
After construction works are insured, losses incurred to buildings and structures of various purposes during their construction, reconstruction, overhaul repair, modernisation or renovation are compensated.
After construction works are insured, we will compensate sudden and unexpected losses of the insured construction works incurred during the validity of the insurance contract due to sudden and unexpected events, except for those events specified in the terms and conditions as not covered.
This type of insurance is compulsory, the insurance consists of construction works and civil liability parts.
Equipment erection insurance
After the installation works are insured, the losses caused to production and technological devices of various purposes during their installation, testing and commissioning are compensated.
Construction technical supervisor liability insurance
The construction technical supervisor liability insurance is a mandatory insurance. According to this insurance, we will indemnify the builder (customer) and third parties for damage caused by the policyholder to property or personal health due to the technical maintenance works.
Frequently asked questions
Compulsory insurance for construction, reconstruction, repair, renovation (modernisation), demolition or administrative construction works of a cultural heritage construction works and civil liability is a compulsory type of insurance. The construction, reconstruction, overhaul repair works of all construction works of exceptional significance and non-exceptional significance and the civil liability arising from these operations must be insured. When carrying out demolition operations of a construction works of exceptional significance and non-exceptional significance, it is not mandatory to insure the demolition operations, but the obligation to insure the civil liability arising from the demolition operations remains.
The price of construction insurance is calculated based on how many objects you want to ensure and the size of the objects you want to insure, for what period of time you insure, and what additional protections you choose. To find out the price of insurance for the planned construction, send us a request or contact an ERGO consultant.
The construction insurance contract must be concluded for the entire construction period, i.e. for the term that includes the construction period from the start of the insured operations in one construction works to the date when all the insured operations will be completed (as provided for in the Construction Completion Procedure). If construction operations are not completed on time, the insurance contract must be extended.
Terms and Conditions
Statinio statybos techninio prižiūrėtojo civilinės atsakomybės privalomojo draudimo taisyklės.pdf
Statinio statybos, rekonstravimo, remonto, atnaujinimo (modernizavimo), griovimo ar kultūros paveldo statinio tvarkomųjų statybos darbų ir civilinės atsakomybės privalomojo draudimo taisyklės.pdf
