Construction Insurance
Liability, Property, Machinery
Protect your business and property with superior coverage sourced by Shield Specialty Insurance.
As an expert construction insurance broker, we know that the security of your business and your construction projects is paramount. That's why we offer a complete range of construction insurance products to protect you against the risks associated with your business.
Construction insurance is governed by the provisions of the Spinetta law. This law established the builder's automatic liability towards the owner or purchaser of the work, for any damage of a decennial nature that may occur within 10 years of acceptance of the work.It is imperative that the builder be covered by a ten-year civil liability insurance policy as soon as the worksite is opened. This compulsory insurance applies to work carried out in France.
Dommage Ouvrage insurance offers the possibility of being reimbursed and compensated for damage that occurs after acceptance of the work, and which engages the decennial liability of builders such as architects, project managers and contractors. It ensures rapid compensation in the event of defects of a decennial nature affecting the work (for example, major cracks in a wall caused by inadequate foundations). By acting as a form of pre-financing, this insurance makes it possible to start repair work quickly, without having to determine liability.
Products
We provide a variety of general and specialty liability insurance policies that cover personal injury, property damage, and pure financial loss:
Construction Liability ("Décennale")
Liability coverage for structural defects that may arise within a ten-year period following construction, affecting the building's stability and integrity.
Third-party liability for operations and during construction
Safeguarding against financial liabilities arising from damages or injuries to third parties during the entire construction process, including both preparatory operations and active construction phases.
Third-party liability after acceptance or delivery
Extending protection beyond project completion, this coverage addresses damages or injuries to third parties that may occur after the construction is accepted or delivered, providing continued peace of mind.
Liability for material damage to existing buildings and intermediate damage
Coverage against material damage inflicted upon existing structures and interim damage during the construction process.
Guarantee of proper performance
Providing assurance of the proper functionality and performance of completed construction, this coverage mitigates risks associated with potential defects.
"Dommage Ouvrage" insurance
A specialized insurance type facilitating swift compensation for construction defects, streamlining the process for addressing and rectifying issues promptly to maintain the structural integrity and compliance of the project.
Environmental damage and Legal Expenses
Offering coverage for environmental damage resulting from construction activities and addressing legal expenses, associated with the construction project.
Construction Machinery
Tailored insurance specifically for construction machinery, ensuring coverage against damage, theft, or loss, and helping to mitigate financial risks associated with essential equipment used in construction projects.
Many other optional and specific coverages are also available depending on your needs. Discuss with us how we can find the best solutions for you.
Risk appetite
- Location :
- France
- Segment :
- Individuals, Craftsmen, Real Estate Developers
- Industries :
- All (bricklayers, roofers, lectricians...)
- Restrictions :
- "Constructeurs de Maisons Individuelles" and "Entreprises Générales"
Contact
Call Us
+33 6 72 64 73 08
Address
15 rue des Halles, 75001 Paris