Construction all risk insurance for your project
Construction all risk insurance protects your construction or installation project against damage, natural events and third-party claims.
Companies compared: construction all risk insurance
Included in the base planOptional or partialNot available
| Coverage | ★ Recommended | ★ Recommended | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Damage to the works | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Natural events | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Third-party liability | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Construction machinery and equipment | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
For guidance only: coverage is governed by each policy’s terms.
What does it cover?
- Damage to the works
- Natural events
- Third-party liability
- Construction machinery and equipment
Construction all risk insurance: frequently asked questions
What does construction all risk insurance cover?
Depending on the policy, it can cover damage to the works during construction, natural events, third-party liability and construction machinery and equipment. We review exclusions, deductibles and the policy term with you.
How much is construction all risk insurance?
It depends on the value and type of project, its duration, location, additional coverages, deductibles and the builder's experience. We quote for free with SURA, Bolívar, Allianz, Mapfre and other insurers.
Is construction all risk insurance mandatory in Colombia?
It depends on the contract. The project owner, the contracting agency or whoever finances the project may require it. Check your contract: we help you meet the coverages and amounts they ask for.
How is it different from a surety bond?
Construction all risk insurance protects the works and your liability to third parties during construction. A surety bond (póliza de cumplimiento) backs your obligations to the client, such as the stability of the works. Some contracts require both.
What do I need for a quote?
The type of construction or installation project, its value, schedule, location and the machinery you'll use. From Medellín, we give free advice to builders and contractors across Colombia.
More property and liability insurance
Interested in construction all risk insurance?
Get a construction all risk insurance quoteCoverage, premiums, deductibles and conditions depend on each insurer’s review and underwriting rules. This information is for guidance only and does not replace the policy terms.
