Insurance of construction and installation risks

We provide participants in the construction process with compensation for losses and reimbursement of expenses in the event of unforeseen events during the construction process from the start of preparatory work to the moment of commissioning
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Insurance of construction and installation risks

Types of insurance coverage

All risk insurance (CAR)
We compensate for material damage on an "all risks" basis for a construction project being built under a construction contract (construction contract)
All-risk insurance for installation works (EAR)
We provide insurance coverage against material damage at installation sites on an "all risks" basis
Public liability insurance (TPL)
We indemnify third parties for losses incurred as a result of any events related to construction activities
Insurance of loss of expected profit of the customer (ALoP) / delay in commissioning of the construction object (Delay in Start-up)
We indemnify for actual losses of gross profit as a result of a delay in the start of business operations at the constructed/installed facility as a result of events indemnified under the material damage insurance section of CAR, EAR policies
Features of insurance
Features of insurance
  • The liability of the insurance company to the client (customer or contractor) increases in proportion to the increase in the value of the building (facility) under construction.
  • The insurance coverage is valid for the entire period of contractual works, idle and operational tests of equipment, starting with the performance of preparatory works or unloading of the first batch of the insured property at the construction site and ending with the moment of commissioning of the facility.
  • The contract may be extended for the warranty period stipulated in the contractor agreement, or in case of extension of the construction period - for the period of such extension.
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Benefits of insurance in INGO

Different types of coating
A wide range of construction and installation risk insurance products
Automatic reinsurance protection from leading international reinsurers with a reliability rating of at least A- (A.M.Best) / A+ (S&P)
Control of risk management
Own experience, knowledge and use of expertise of reinsurers from around the world

The most likely events leading to losses during construction and installation works:

  • Destruction or damage to the construction object (buildings or structures) being constructed by a contractor, construction equipment, machinery and equipment at the construction site, real estate owned by the developer
  • Fire or explosion during operational tests and acceptance of work when the installed equipment is loaded with raw materials
  • Damage as a result of settling, subsidence of foundations, vibration
  • Losses due to errors in the design or defects in structures and materials, errors in calculations, human factor, including insufficient qualification of personnel
  • Interruption (suspension) of construction, delay in commencement of business operations at the constructed/installed facility
  • Material damage or personal injury to third parties
  • Theft on the controlled construction site
  • Losses due to short circuit, electrical breakdown, overvoltage
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The level of financial stability of INGO
outlook - "Evolving"
Frequently asked questions
In this section, we have collected the most frequently asked questions from our clients. If you do not find the information you are interested in, please use the feedback form.
Frequently asked questions

Is it possible to include war risks in the coverage?

Currently, it is not possible to include war risk coverage in the insurance program.

Is it possible to supplement insurance coverage with other risks? What can these additions be?

Yes, we take into account the individual characteristics of each project, so we use special additions to the standard coating. They can be divided into 3 groups:

  1. Clauses that extend the standard scope of insurance coverage
  2. Clauses that narrow the standard scope of insurance coverage
  3. Additional obligations of the insured

How does the cost of a building under construction affect the scope of an insurance company's liability?

When insuring construction and installation risks, it should be borne in mind that the liability of the insurance company to the customer or contractor (i.e. the client) increases as the cost of the building under construction increases.

Additionally, we offer
Insurance of construction machinery and equipment
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Buildings insurance
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Trade credit insurance
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Professional responsibility
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