Construction all risk insurance

The target market of construction all risk insurance comprises companies entered in the Estonian Commercial Register who are engaged in construction and assembly work as well as persons ordering construction services in Estonia.

Companies operating in the diverse construction sector require more detailed risk management solutions.

Every construction or assembly project is different and performed in a different environment and under different natural conditions. Even with excellent risk management, it is not possible to anticipate all potential risks that may lead to damage.

With construction all risk insurance, you are able to insure construction and assembly work from the moment of commencement of the work until the delivery of the finished object to the client. Since construction companies are generally obliged to perform maintenance work and repair any identified construction defects for several years after the delivery of the object, it is possible to extend the insurance cover for the maintenance period.

The construction all risk insurance cover is an integrated insurance solution that consists of property insurance and liability insurance.

Property insurance allows you to insure construction and assembly work, the construction materials used for performing the work, any equipment and devices being assembled, construction machines, construction tools, and the fittings on the construction site.

An insured event means the destruction of, damage to, or loss of the insured object at the place of insurance due to an unexpected and unforeseeable event during the validity of the insurance cover due to a reason that is not precluded in the insurance terms and conditions. Insured events are, for example, a fire, storm, malicious actions of third parties, or damage caused due to the inferior quality of construction materials or inadequate construction work.

Liability insurance allows you to insure the obligation to compensate proprietary damage and/or personal injury caused to a third person during the performance of construction or assembly work due to the acts or omissions of the insured person.

• How to prevent flood damage on construction sites and reduce water and soil damage?

  Water management and drainage:
  Install drainage systems and ditches to divert excess water away from the construction site. Use rainwater tanks or reservoirs where excess rainwater can temporarily be collected.

  Temporary barriers and protective systems:
  Use temporary barriers or water blockage systems, such as sandbags or portable flood barriers, to divert water safely away from buildings and critical work areas.
  Use geotextiles or waterproof membranes to stabilise the soil and prevent erosion.

  Elevated work areas:
  Plan elevations for critical work areas that are more prone to flooding.

  Weather forecast monitoring and strategies:
  Create a risk assessment plan that takes into account seasonal and local flood risks.
  Use weather forecasting and alerts to plan activities according to expected rainfall and weather conditions.

  Protection of materials and equipment:
  Position building materials and equipment on elevated areas or cover them with waterproof covers.
  Use waterproof containers to avoid damage to materials.

  Soil stabilisation and land improvement works:
  Thicken the soil to reduce soil erosion.
  Install structures to support and stabilise the soil to reduce soil erosion in case of flooding.

• How to protect construction site property and ensure safety during storms?

  Temporary protective barriers and windbreaks:
  Install wind-resistant barriers and fences on the perimeter of the construction site to reduce the impact of wind on equipment and structures.
  Use temporary wind barriers to protect important structures and equipment, especially in open and elevated working areas.

  Securing equipment and materials:
  Secure all loose materials, tools and light equipment to prevent storm damage and avoid objects flying and getting damaged. Building materials, such as lightweight panels, pipes and scaffolding, should be stored in low and sheltered places.

  Reinforcement of temporary facilities and structures:
  Inspect and reinforce the structures of temporary facilities and shelters, especially if they are on elevated ground.
  Use storm-resistant materials when constructing temporary facilities so that they can withstand strong winds.

  Ensuring the safety of cranes and lifting equipment:
  Set up cranes and other lifting equipment so that they are stable and protected from the wind.
  Lower all crane hooks and moving parts and lock them for the duration of the storm to prevent their accidental movement.

  Weather forecast monitoring and strategies:
  Draw up and practice a strategy for dealing with storms, to prepare workers for safe and effective evacuation. Follow weather forecasts and storm warnings and carry out pre-storm checks and reinforcements if necessary.

  Protection of equipment:
  Place generators and electrical equipment in a secure and wind-protected area to avoid water and wind damage.
  Use waterproof covers and secure fastenings to protect equipment from unexpected heavy rain or wind.

  Removal of trees and dangerous objects:
  Remove or trim trees or large branches near the construction site that could fall in strong winds.
  Remove any dangerous objects that could fall or catch wind during the storm.

  Soil stabilisation and erosion control:
  Use geotextiles and other stabilising materials to strengthen the soil and prevent erosion during storms.
  Stabilise loose soil to reduce soil erosion caused by storms.