Building Insurance
Any construction operation is subject to numerous and high risks. Let's add the many speakers simultaneously on a construction site in various fields and with a tight schedule.
The slightest disaster could lead to high costs, disputes between the different teams and worst of all, the stoppage of the site.
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This is why it is strongly recommended that the project owner take out " All Risks Construction Site " insurance .
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Once the work has been carried out and finished, the acceptance of the work will commit the client to future buyers. for a period of 10 years in the event of a construction defect in the structure, a defect in the ground or a threat of collapse.
The so-called " Decennial RC " Insurance compensates for these possible future problems.
ALL-RISK CONSTRUCTION INSURANCE
A work stoppage can be very expensive.
Project owners, promoters
and other contractors and subcontractors
cannot afford this risk.
Also, the "All Risks Construction Site" insurance
makes it possible to cover the projects in progress
construction against all the risks that
could damage them. ​
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Who does it cover?
It covers the contracting authority, the project manager or
a general contractor for a given site.
In general, it is the building owner who, first and foremost, is concerned with the protection of the property which he undertakes the construction.
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The warranties therefore cover all those involved in the worksite, without any search for liability.
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When should you take out construction site All Risks?
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The warranty begins at the opening of the site and ends upon receipt or commissioning of the finished work.
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What does Construction All Risks cover?
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The warranties cover material damage caused on site: ​
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- Fire and explosion
- Water damage
- Theft and acts of vandalism
- Natural phenomena (Storms, hurricane, cyclone...)
- Defects due to clumsiness, negligence, malicious intent or human failure.
Are also insurable :
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- Civil liability of insured damage caused to third parties attributable at the execution of the work insured
- Cross liability (all policyholders are considered as third parties
towards each other.)
Ten-year insurance
Who does it cover?
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The Ten-Year Guarantee is an insurance
which allows the various stakeholders
in the act of building (architects,
contractors, promoters....) of answer for their
obligations defined by section 769 of the DOC.
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Ten-year legal liability enshrines the principle of presumption of liability for an incompressible period of 10 years.
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Why subscribe to it?
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Within the framework of your professional activity, the ten-year insurance protects you against material damage which compromises the solidity of the work or the equipment making the construction unsuitable for its intended purpose.
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The importance of CDR
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If in Morocco, the RCD is not mandatory, de facto it can be considered that it is. Indeed, as master work, you can demand the insurance certificate from the trades.
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On the other hand, a significant loss can cause the disappearance of your business. Your personal assets may then be in danger.
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Some examples of claims covered by the Decennial insurance
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Water infiltration in a roof
the collapse of a balcony
The fall of the unsealed shutters
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A questioning of the ten-year insurance may be made following:
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Deterioration of material
injuries (bodily harm)
financial harm
CGAP, a specialist to advise you
Insurance for trades
construction are complex and according to
insurers, offers differ .
Also, it is wise to delegate the
search for the best deals
to a specialized broker .
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CGAP is a firm specializing in the field of
construction and have achieved during these
last years the biggest TRC and
Ten-year RC on the market (Casablanca Marina, Hassan II Mosque, New Marina.....).
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With CGAP, it's:
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An expertise
Advices
A real professional partnership
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Our offer will come after careful study of your needs and will be adapted on a case-by-case basis: nature and amounts of guarantees, deductible levels adapted to your risks.
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We work with the most serious companies on the market and are therefore able to send you the best construction insurance offers, at the best price.
