Construction Insurance South Africa

Construction Insurance Overview

Construction insurance is designed to cover contractors/businesses who are engaged in OR need to protect their:

  • Civil engineering e.g. roads, dams, reservoirs, earthworks, tunnels, concrete bridges, piers, runways (Contract Works policy)
  • Buildings in the course of erection (Contract Works policy)
  • Machinery Relocation e.g. plant/machinery being dismantled and machinery transit by rail/road (Dismantling, Transit & Erection policy)
  • Machinery Erection e.g. turbines, boilers, process plants, transformers, switchgear etc (Dismantling, Transit & Erection policy)
  • Own plant and machinery or goods being manufactured and/or in their custody and control against impact damage and that which is not dealt with under a Fire policy (Works Damage policy)
  • Construction plant whilst in storage, transit, on the contract site and while being used as a tool of trade. The policy can also be extended to cover the plant whilst underground and for machinery breakdown. In addition standard cover is available for hiring costs, legal liability arising out of the hire and continuing hire charges (Plant All Risks)
Consult our Construction Insurance Brokers

Contact us to consult one of our insurance brokers to discuss the ideal policy to cover all of your needs for construction insurance in South Africa.

 
 

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Newsroom

Strict Product Liability on the cards

2009-06-24

The new Consumer Protection Bill, which has now been enacted, will have far reaching consequences for South African business in that Section 68 imposes Strict Liability on producers, distributors or suppliers to supply or manufacture goods free of defect...  


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Late Claim Notification may mean "No Claim"

2009-03-30

The rule of thumb to avoid falling victim to a claim denied on the basis of Late Notification is to notify your insurer and /or broker of any event that may give rise to a claim, no matter how small or trivial the event may seem. Rather let your insurers take whatever action they deem fit – this is after all why you pay them insurance premiums

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