Construction

We service contractors, engineers and suppliers based on cost-effective annual programmes and comprehensive floaters, as well as open market insurance and reinsurance placements. Whether your operations are focused on domestic projects only or your business model is projects and ex-pat staff abroad, we have the corresponding insurance solution.

Proficient in the pertinent elements of widely used contract formats such as FIDIC, NEC, ICC, VOB, ÖNORM, and others, we’re equipped to engage in dialogue with partners in joint ventures or consortia, as well as project owners and subcontractors. We address risk distribution and insurability considerations, crafting tailored insurance solutions as needed.

Acronyms like EPC, DB and FIDIC as well as terms like Red Book, Yellow Book and Silver book are a part of our daily vocabulary and the basis on which our insurance solutions are founded. We value our collaboration with our clients, as we guide them through various partnership models such as Private Partnerships, Early Contractor Involvement, Alliance Contracting, and the comprehensive Public-Private Partnership. These options span a spectrum of contract environments, allowing us to adapt to their specific needs.

For project owners, we mitigate the potential advantage that contracting parties may have due to their familiarity with the project environment. This proactive approach helps prevent costly disputes, arbitration, and legal conflicts throughout the project execution phase.