Construction & Real Estate

Simplify the insurance of your building project with a comprehensive approach

Contractor, property developer, architect, engineering firm, supplier or manufacturer: each bears a share of the responsibility in the same construction project. Each party takes out its own insurance cover. Unfortunately, in this way the different covers are not aligned with each other. When damage occurs on the construction site, the question soon arises: who is responsible? A comprehensive approach to construction risks ensures clarity and peace of mind.

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Complex risks & compulsory insurance

In a construction project, many different parties work together, which brings its own challenges:

  • It involves complex risks that could potentially cause great harm. 

  • In addition, there are many legally required insurance policies and permits attached. 

  • Are you building in another country? Then you have to comply with all the regulations in that country too.

This soon gives rise to a tangle of insurance policies, permits and regulations that is difficult to decipher. A comprehensive approach provides the solution.

Advice from A to Z tailored to your construction project

Our experts bring together knowledge from all aspects of the construction industry. We examine a project in its entirety and guide your business in every aspect: from design and permitting to financing and development. We are by your side, even before the foundation stone is laid, up to the covers for your finished installations. 

In addition, we also offer: 

  • Investment advice during construction and renovation on regulations and requirements of fire insurance companies

  • Own policy design with focus on favourable clauses 

  • Close monitoring of insured amounts

  • Advice on contract drafting and insurance obligation of construction projects

  • Analysis of lease and rental contracts

  • Advice on drafting a proper insurance package for property developer, contractor and architect

  • Analysis of the terms and conditions of sale in relation to liability

Our solutions

All-risk construction insurance

Work in progress? With an all-risk construction policy you’re safe. All parties working on a construction site run the risk of causing damage. But who is responsible when damage occurs due to unforeseen events or human error? Soon the parties involved are pointing the finger at each other. 

Each party has every interest in ensuring that work resumes quickly after an accident. The All-risk Construction policy covers all parties, and dispenses with the need to discuss responsibility. 

Each project is different, which is why an all-risk construction policy is always tailor-made.

Mandatory insurance for decennial liability

Decennial liability insurance is indispensable. That policy insures the liability of architects, contractors and property developers for 10 years, for any defects in the structure that affect the stability of the building. The insurance is mandatory in the construction industry. 

Moreover, adjustments are regularly made to existing laws. For example, in 2019 a new insurance requirement was introduced for certain construction parties to cover their professional liability.

Renewable energy: new risks and new solutions

Finally, the technical evolution within renewable energy also creates new insurance challenges. The renewable energy market is gaining momentum. Solar panels, charging stations and batteries are just some of the ways for companies to generate and store green energy. 

Assessing new risks and converting them into an insurance policy requires expertise. That’s where Vanbreda Risk & Benefits makes a difference. We are constantly expanding our knowledge and experience, calling on our network of national and international insurance brokers. 

Our experts are ready to guide your company through the challenges of renewable energy.

Fill the cracks in your project’s construction insurance

All of these challenges are just the tip of the iceberg. There are many other insurance policies that are important in any project. These include liability, occupational accidents, vehicle fleet and other necessary insurance policies.

This multiplicity of policies creates gaps in the insurance of your construction project.

An example to illustrate this: 

The property developer takes out an all-risk construction policy in which material damage and liability is insured for all parties. However, the contractor, the architect and the engineering firm have their own professional indemnity insurance

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Policies tailored to your construction project at Vanbreda Risk & Benefits
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After analysis, our team ensures that the individual coverages are better aligned. This has three major advantages:

  1. Each party knows where it stands

  2. Everyone knows what needs to be done in the event of damage, and who is responsible for what

  3. This allows significant premium discounts. A win-win for every party.

After analysis, our team ensures that the individual coverages are better aligned. This has three major advantages:

  1. Each party knows where it stands

  2. Everyone knows what needs to be done in the event of damage, and who is responsible for what

  3. This allows significant premium discounts. A win-win for every party.

Keep a clear overview and guard your business against under- or over-insurance of your construction project with a comprehensive approach. Our way of working is unique, no other broker offers you this facility. 

Our expertise, overall plan of action and cooperation with international insurance partners allows us to adopt an approach with customised policies for each project. This also applies to large-scale projects, at home and abroad.

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