Construction Insurance on a Global Scale
AtaGlobal Insurance and Reinsurance Brokers Inc. is a global insurance broker supporting the construction industry on an international level.
Our specialist team of construction brokers work in partnership with our clients, main contractors and sub-contractors and their professional service providers offering bespoke cover to produce competitive insurance protection all around the globe.
We have been involved in several major construction projects in Turkey and abroad and arrange single project covers as well as o arrange annual covers for our clients in the construction industry, including public liability, employers liability, contractors all risks and construction professional indemnity insurance.
Our clients include local building contractors working as main contractor and also as sub-contractor to the principal contractor, larger regional and national contractors, developers and specialist construction trades including the heavier risks of piling and underpinning, scaffolding and demolition and roofing contractors.
Using our combined experience ensures that there are no surprizes when help is needed
We explore all markets, Lloyd’s, London, European and Worldwide Insurers in order to place your policies utilizing specialist underwriters to give you the best cover at the most competitive cost.
Typical CAR/EAR extensions;
Delay in Start Up (DSU) or Advance Loss of Profit (ALOP) insurance cover is an absolute necessity for large and/or complex construction or engineering projects, particularly those financed with structured debt.
Advance loss of profit (ALOP) insurance provides coverage for financial losses due to delays in construction and infrastructure projects. ALOP will also provide a payout if companies face higher costs or lost profits when a project takes longer than expected to complete.
The defective element exclusions, inherent in all construction policies, is the exclusion most likely to be a cause of confusion, dispute or friction in claim situations.
Third Party Liability Insurance for Construction provides indemnity for legal liability following third party property damage or third party bodily injury arising from the insured works.
This is an insurance of contractors’ plant and machinery that is done on an annual basis. It covers unforeseen and sudden physical loss of or damage to the insured items, necessitating their repair or replacement. The cover, which excludes internal breakdown, applies at work, at rest or during maintenance operations and is not limited to a specific construction site.
Project cargo insurance covers physical loss or damage to the items while they are in transit from the manufacturing site to the construction site. Project cargo insurance covers amongst others oversized and expensive equipment that are essential parts of civil engineering and infrastructure projects. Project cargo insurance also covers consequential loss or delay in start-up and advance loss of profits.
Professional indemnity insurance provides insurance cover against claims of negligence. It is widely used where professional services are being provided to a developer or contractor, and will provide insurance up to a specified insured sum where negligence is proven to have been committed on the part of the service provider.
Our experienced specialists are always with you wherever you are and whenever needed
Reach us for further information at any time.