Public liability insurance as a developer concept via AIC
Description
Whether commercial or residential construction project, new build or refurbished existing property – as a developer or general contractor you offer everything from a single source. As the first point of contact, you are responsible for a defect-free project. You are liable not only for services you perform yourself, but also for services you assign to subcontractors.
During the planning and construction phase, you must answer to your clients for defects and damage caused, for example, by
You must still expect costs for rectifying such construction defects and damage – especially within the warranty period – caused by your own services or above all by your subcontractors.
A considerable risk exists when your subcontractors are no longer willing or able to remedy defects, for example because
You also remain responsible to your clients for planning / construction management errors (hidden defects) by commissioned architects / engineers or faulty planning / construction management you provide yourself.
There is often no or only insufficient insurance cover under a standard public liability policy. The protection of such policies usually falls far short and generally does not cover structural damage resulting from planning defects or errors in construction supervision. This is where our AIC insurance concepts come in – they secure not only your general operational liability but also your liability for executing trades and planners towards building owners.
Our range of services includes, among others:
Our coverage concepts stand for comprehensive protection and economically convincing solutions. Over 27 years of experience, excellent market knowledge and insurance concepts developed by experts create a clear advantage for you: professional insurance protection at attractive conditions in market comparison.