Construction & Engineering
Contractors All Risks
This insurance concerns the protection of engineering projects during their construction from unforeseen events.
What is it?
It is a broad framework of protection covering physical damage to the project itself, the materials and machinery used, as well as third-party liability arising from the works. The scope of cover and individual terms are defined based on the nature of the project and the contract.
Who is it for?
It is relevant to contractors, subcontractors, project owners and financiers involved in building construction, infrastructure or major renovations.
Legal position
Is it compulsory in Cyprus?
Depends on profession / activity
Contractual or project requirements often apply, and legal requirements may apply depending on the activity. Vesta can help clarify what applies to your circumstances.
General information only. Requirements can change and depend on your activity — Vesta can help clarify what applies to your circumstances.
When might you need it?
You are starting the construction of a new house or industrial building.
You undertake a public or private infrastructure project with specific contractual requirements.
You are carrying out extensive renovations involving structural interventions.
The project financier requires the investment to be secured during construction.
These are illustrative circumstances, not a description of policy terms, conditions or exclusions.
Why review this cover?
A construction project is dynamic and risks change as work progresses. Correct understanding of liability limits and material values ensures that protection remains adequate at every stage, avoiding gaps that could jeopardize project completion.
The Vesta approach
Understand first, then solutions.
At Vesta we start by analyzing the technical specifications and your contractual obligations. Our goal is to understand the full scope of the project and potential risk exposures, so we can discuss solutions that support the seamless progress of your work.
Next step
Let's look at your circumstances.
Tell us how things work in practice and we will explain what is worth reviewing before any solution is discussed.
Prefer to speak with us?
If you would rather talk it through, tell us a little about your business and we will come back to you.