Construction Insurance

• Protection of invested capital 
• No construction delay as the performance that the causer must provide is advanced in the event of damage 
• Advance payment helps to avoid disputes among the parties involved in the construction 
• Support from competent construction experts to solve complex damage cases

The basic insurance includes the following protection as standard:

• All construction services and building materials of your construction project 
• Costs of removing debris, decontamination, searching for losses, dismantling and reconstruction, but at least 25,000 Swiss Francs
• Fire and natural hazard damage in addition to building insurance (cantonal fire insurance carrier)
• Damage due to unforeseen events 
• Theft of firmly attached items, burglary, vandalism, and water damage 
• Inclusion of all parties involved in the construction 
• Performance is advanced in the event of damage to avoid construction delays 
• Insurance of intrisinc damages excluded by the liability insurance of the parties involved in the construction 

In addition to basic insurance, you can voluntarily cover the following risks: 

• Fire and natural hazard damage 
• Damage occurring during the warranty period (maintenance two to five years) 
• Civil commotion and riot
• Earthquakes 
• Additional costs of removing debris exceeding 10 percent of the insured sum
• Scaffold and installation materials 
• Construction equipment and tools 
• Building ground and soil masses 
• Existing buildings, goods, and installations 
• Existing utility lines and third-party facilities 
• Additional costs due to a damage event 
• Additional costs/loss of earnings 
• Scratches on glazing or surfaces 
• Expert costs 
• Movable items on construction sites 
• Sprayer and graffiti damages 
• Drilling of geothermal probes 
• Additional costs for temporary burglary protection 
• Underinsurance protection 
• Temporary building water insurance

• Collapse of construction pits or concrete ceilings 
• Theft of installed items such as ovens or washbasins

• The principal's liability insurance fends off unjustified claims and represents you in damage negotiations.
• Experienced damage inspectors help avoid neighbor disputes.
• Coverage of expert opinions and legal fees

The basic insurance includes the following protection as standard:

• Bodily injury and property damage
• Loss prevention costs
• Pure financial loss up to 100,000 Swiss Francs
• Work of the principal
• Damage related to environmental impacts

In addition to basic insurance, you can voluntarily cover the following risks:

• Pure financial loss over 100,000 Swiss Francs
• Maintenance of drinking water supply
• Legal protection in criminal proceedings
• Visitor and customer accident insurance
• Extended cleaning costs
• Insurance coverage during warranty work (Maintenance)
• Extended environmental impacts
• Corrosion of installations and pipes (Carbura clause)
• Transitional building liability insurance

• Cracks and damage to third-party buildings
• Personal injury to third parties (e.g., children)

Legal protection applies to building owners residing Switzerland. Insurable are construction sums of up to CHF 5 million for properties located in Switzerland.

Insurance benefits:

• Legal advice during the construction phase
• Legal protection for planning or construction management errors by architects or engineers that lead to hidden defects
• Legal protection after acceptance for hidden defects from work contracts with contractors and craftsmen during the entire statutory period of 5 years
• Representation by legal experts and lawyers
• Coverage of costs for expert opinions, lawyers, court proceedings, and litigation compensation

• Experts check the right coverage with you in both builder's risk insurance and principal's liability insurance
• Suitable and flexible coverage packages that meet your individual needs
• Need-based construction insurance solutions for construction projects of any size
• Zurich engineers accompany you on larger and more complex construction projects
• Construction law-savvy lawyers are at your side in legal disputes in the event of a claim

• Typically, in addition to the principal, contractors and craftsmen also participate in the premium, because the builder's risk insurance also protects their services
• Typical damage cases for builder's risk insurance include water and pipe damage, theft, collapse of construction pits, scaffolding, and ceilings
• Common liability cases that principals have to bear include: cracks in neighboring buildings, subsidence (settlement) of pipes and roads