Is it necessary to take out construction insurance?
The construction sector is exposed to numerous unforeseen situations, which, if it did not have adequate insurance protection, would mean a decrease in the income and profit of the companies in the sector. At Canarisk, we know very well the insurance needs of the construction-promotion sector in the Canary Islands. If you are a construction company or promoter in Tenerife or Las Palmas, contact us and we advise you on the insurance you need to work with the greatest peace of mind.
What insurance does a construction company need?
At Canarisk we are specialists in the Construction-promotion sector in the Canary Islands, and we can advise our clients on what insurance a developer or construction company needs in the Canary Islands: Construction Civil Liability Insurance, Construction All Risk Insurance, Decennial Insurance.... Contact our brokers in Tenerife and Las Palmas and we explain everything you need to know.
What is Construction All Risk Insurance?
El All Risk Insurance Construction in the Canary Islands, covers damage to the work itself during its execution. It is essential insurance for promoters and contractors, giving them extra security and peace of mind during the execution of the work. Our insurance brokers in Tenerife and Las Palmas can advise you on how to take out All Risk Construction insurance in the Canary Islands under the best conditions.
How much does Construction All Risk insurance cost?
the cousin of the All Risk Insurance Construction in the Canary Islands It depends on multiple factors: type of work, value, duration, etc. In our Insurance Brokerage in the Canary Islands we quote the best construction all-risk insurance, at the best price in the Canary Islands.
Who is responsible for claims for damages caused by the execution of the work?
Both the developer and the construction company are subject to liability for damages arising from the execution of the works. Both can be the subject of a damage claim.
Is it mandatory to take out Construction Civil Liability insurance?
As the promoter or main contractor of the work, you have the responsibility for the damages caused to third parties derived from the execution of the work. If you don't have Construction Civil Liability Insurance appropriate to your activity, you will have to respond with your assets before these claims. Our team of construction insurance advisors in Tenerife and Las Palmas, will explain how to take out the best Construction Civil Liability insurance in the Canary Islands.
What is decennial insurance?
Ten-year insurance is a mandatory guarantee that must be contracted by the promoter as required by the organic building law. Covers structural damage for 10 years after completion of the work. If you want hire ten-year insurance in the Canary Islands, Our insurance brokerage in Tenerife and Las Palmas She is an expert in decennial insurance. We help you manage the contract quickly and at the best price.
Can I take out ten-year insurance without OCT?
It is always preferable to have the intervention of an OCT from the beginning of the work. But if this has not been the case, at Canarisk we have solutions for ten-year insurance without OCT in the Canary Islands. Contact our Canarian insurance brokerage and we will advise you.