Enjoy all-in-one coverage for you or your company against all risks! Outrisk Insurance offers constructors in Cyprus the best protection tailored to their unique needs.
What is Construction Insurance?
What is Construction Insurance?
Constructor All Risk insurance (also referred to as ‘contract works insurance’) addresses all risks associated with a construction job.
Under most contracts, builders are responsible for accidents and damages on the equipment and construction sites. The responsibility goes on until the work is finished.
A Constructor All Risk policy protects the interests of the project owners who work with a contract for a given period. In many cases, this type of insurance is a contractual requirement of the constructor.
Read moreConstructor All Risk insurance (also referred to as ‘contract works insurance’) addresses all risks associated with a construction job.
Under most contracts, builders are responsible for accidents and damages on the equipment and construction sites. The responsibility goes on until the work is finished.
A Constructor All Risk policy protects the interests of the project owners who work with a contract for a given period. In many cases, this type of insurance is a contractual requirement of the constructor.
Constructor All Risk insurance includes all overground and underground construction projects, such as- Residential buildings
- Shops
- Business premises
- Hospitals
- Energy production plants
- Other construction sites.
Why insure your Construction Job with Outrisk Insurance?
Why insure your Construction Job
with Outrisk Insurance?
When unpredictable events or incidents occur, you need to make sure they will not impact your health or job.
Outrisk Insurance delivers the greatest protection with a comprehensive insurance package, which allows you to tailor it to your unique needs. Our Constructor All Risk Insurance shields:
- Projects under construction
- Building materials delivered by the owner
- Tools, equipment and machinery used
Our insurance packages address any damage or loss that occurs all of a sudden. You also receive coverage for the extraction of debris and your liability towards third parties who might get physically injured.
When you’re building a new structure or revamping an existing one, we’ve got the right cover for you!
When unpredictable events or incidents occur, you need to make sure they will not impact your health or job.
Outrisk Insurance delivers the greatest protection with a comprehensive insurance package, which allows you to tailor it to your unique needs. Our Constructor All Risk Insurance shields:
- Projects under construction
- Building materials delivered by the owner
- Tools, equipment and machinery used
Our insurance packages address any damage or loss that occurs all of a sudden. You also receive coverage for the extraction of debris and your liability towards third parties who might get physically injured.
When you’re building a new structure or revamping an existing one, we’ve got the right cover for you!
All Risks in One Policy
You get comprehensive coverage for your business that insures your establishment and resources against all threats, losses, damage and risks.
Extended Insurance
You can insure the principal Constructor, sub-Constructor and project manager.
Reliable Insurance Provider
We have been serving Cyprus since 1989. We hold a track record of successful business insurance deals & 100% satisfied customers.
Round-the-Clock Customer Support
Our team is readily available 24 hours, 7 days per week for any unanticipated events and accidents.
Reasonable Premiums
You get extensive coverage with complimentary perks at the most competitive prices in Cyprus' insurance industry.
Immediate claims settlement
We work with dedication to provide the best services to our customers, including the speedy settlement of claims so you can get back to business.
Who is this for?
Aimed at construction contractors, project owners, land development companies, owners of buildings under construction and other projects and governmental and semi-governmental organizations.
Call Us +357 97770067
Email us info@outrisk.com
Why do I need Constructor Insurance?
Why do I need Constructor Insurance?
If you are a project owner or contractor, Constructor All Risk insurance is a necessary policy to have in place. This type of insurance offers one of the most comprehensive policies for protecting building works and the equipment on a construction site.
Even though Constructor All Risk insurance is not legally required, it is a valuable policy to have in place to soften the blow of any sudden theft, damages or loss.
Construction work devices and machinery can be costly to buy and switch out.
Here are some cases of how Constructor All Risk insurance may be a valuable policy to have in place:
- A fire destroys important planning documents and architect designs.
- A robbery takes place on a construction site resulting in loss of tools.
- Accidental damage takes place within a showhome resulting in damaged goods.
- The Constructor has accidentally broken or misplaced vital tools to complete the agreed job.
If you are a project owner or contractor, Constructor All Risk insurance is a necessary policy to have in place. This type of insurance offers one of the most comprehensive policies for protecting building works and the equipment on a construction site.
Even though Constructor All Risk insurance is not legally required, it is a valuable policy to have in place to soften the blow of any sudden theft, damages or loss.
Construction work devices and machinery can be costly to buy and switch out.
Here are some cases of how Constructor All Risk insurance may be a valuable policy to have in place:
- A fire destroys important planning documents and architect designs.
- A robbery takes place on a construction site resulting in loss of tools.
- Accidental damage takes place within a showhome resulting in damaged goods.
- The Constructor has accidentally broken or misplaced vital tools to complete the agreed job.
What does Constructor
Insurance cover?
What does Constructor
Insurance cover?
Standard Contractor Insurance policies typically cover body injuries while on the job, property damage, faulty work and more.
Covers loss or damage during the construction project because of an unexpected incident.
- Equipment and facilities
- Construction machinery
- Construction materials
- Existing buildings
- Loss or damage to the building during restoration work
- Debris disposal
- Third-party Liability
The cost of unforeseen loss or damage to building works
- Machinery movement
- Public liability
- Tools
- Plant owned by the policyholder
- Plant hired in
- Business interruption
Covers loss or damage during the construction project because of an unexpected incident.
- Equipment and facilities
- Construction machinery
- Construction materials
- Existing buildings
- Loss or damage to the building during restoration work
- Debris disposal
- Third-party Liability
- The cost of unforeseen loss or damage to building works
- Machinery movement
- Public liability
- Tools
- Plant owned by the policyholder
- Plant hired in
- Business interruption
Get an insurance quote
Get an
insurance quote
We have the experience and the competitive prices.
Have a look at what we have to offer.
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Frequently asked questions
A Constructor all risk insurance (or C.A.R. policy) secures the constructor’s interests and protects the person who employed the builder.
All Risk means that the insurance policy covers all risks of damage to the work, plant, equipment and tools used for the construction project.
Constructor all risk insurance:
- Prepares for the worst-case scenario.
- Protects your assets, both personal and business.
- Protects you and your property in accidents.
- Gives you peace of mind.
- Helps to secure business for both existing and prospective clients.
- It’s for everyone involved in contracting.
So, the coverage does exactly what it states on the tin. It protects the constructor’s against ‘all risks’ on a building and construction site. Should the worst occur, it could be the lifeline that you require to ensure your business survives.
Yes! Constructor All Risks Insurance includes cover for any damage caused to the project, the plant, hired-in plant and workers’ tools.
Constructor All Risk policies have some exceptions linked to defective design and handiwork.
Most policies leave out the cost of restoring or changing out the defective facets of the goods. But they pay for the damage to other components of the job that result from the defect.
Clients who choose to have an expanded coverage often get compensated for the entire cost of fixing the damages. This includes the defective facets but excludes the cost of improvements to the initial design, craftsmanship and components.
Our team of experienced brokers will discuss all details together with you. Give us a call or send us an email today to book an appointment with Outrisk Insurance and get the protection you need and deserve!
