Builder's liability insurance
Builder's liability insurance protects builders against the financial consequences of claims for damages made by third parties as a result of construction projects.
Secure your construction project
Builder's liability insurance - what is it?
Build safely and worry-free. If you are a builder, you have an enormous responsibility. Accidents on the construction site, damage to third-party property or personal injury can result in considerable financial burdens. Our builder's liability insurance offers you optimum protection against the risks that can arise during the construction phase.
Facts & Figures
FAQ on builder's liability insurance
We have summarized the most frequently asked questions about builder's liability insurance for you in our FAQ. Our experts will also be happy to provide you with individual advice.
Construction projects involve numerous risks that can cause harm to passers-by, neighbors or employees. Without insurance, the builder would have to cover all the costs themselves, which can quickly threaten their existence. Insurance therefore offers financial protection and security.
Builder's liability insurance typically covers the following losses:
- Personal injury: costs for medical treatment, compensation for pain and suffering, loss of earnings and pension payments
- Property damage: repair or replacement costs for damaged or destroyed property
- Financial losses: financial losses incurred as a result of personal injury or property damage
As a rule, the following are not covered
- Damage caused intentionally
- Damage caused by gross negligence on the part of the client
- Damage to your own construction project (there are special construction insurance policies for this)
- Damage caused by unauthorized construction work
- Private individuals: for construction projects such as building your own home, extensions or major renovations
- Companies: for commercial construction projects
- Real estate developers: for the development and construction of residential or commercial properties
Yes, there are specialized insurance policies that are tailored to the specific risks and requirements of different construction projects, such as single-family homes, apartment buildings, commercial buildings or public construction projects.
Builder's risk insurance covers damage to your own construction project caused by unforeseen events such as storms, vandalism or construction accidents. It supplements builder's liability insurance, which only covers damage to third parties.
Extended liability insurance offers protection for claims that occur after completion of the construction project but were caused during the construction phase. This is particularly important for construction projects that are sold or rented out after completion.
- Damage caused by intentional or grossly negligent behavior
- Damage caused by unauthorized construction work
- Damage caused by criminal acts
- Damage caused by already known risks that have not been remedied
Further insurance solutions
In addition to builder's liability insurance, we also offer numerous other insurance solutions that could be of interest to you
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