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Construction Insurance
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Construction Insurance

Comprehensive cover for construction risks

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    Coverage
    Why work with us?
    Contact us
    Making a claim
    Construction
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    We understand the risks your clients face, and we know how to help

    Our team of underwriters work closely with insurance brokers to offer robust construction insurance solutions which are tailored to suit policyholders’ specific requirements.

    Coverage

    We provide coverage for a range of risks relating to construction and engineering projects, with insureds able to select the coverage that meets their needs:

    • Physical loss of or damage to contract works
    • Physical loss of or damage to their own construction plant and temporary buildings
    • Their liability for hired in construction plant and temporary buildings
    • Physical loss of or damage to employee tools

    Target risks

    Wide ranging appetite for Irish and European domiciled companies of all sizes from small/micro to large/corporate, involved in construction or engineering projects requiring cover for Contractors All Risks (CAR), Engineers All Risks (EAR), own plant or hired in plant.

    • Wide trade and profile acceptance including work undertaken internationally
    • Annual policies or project cover, where the contract requires the employer to insure

    Limited risk appetite

    • Projects in excess of 24 months
    • Modern methods of construction
    • Civil Engineering projects
    • Single items of construction plant owned or hired in excess of EUR 500,000

    Outside of risk appetite

    • Risks domiciled outside of Europe
    • Self-build projects
    • Large single structure timber frame risks
    • Basement excavations
    • Marine civil engineering
    • Defects Exclusion 5 (DE5) 
    • Delay in start-up / advanced loss of profits
    • Onshore drilling rigs, directional drilling, tunnelling or mining
    • Coal, oil or gas installation 
    • Marquees and tents
    • Landfill, waste transfer, recycling

    Additional information

    • Cover is provided on a DE4 basis
    • Cover can include joint names on a composite basis where required under contract
    • Cover extends internationally as standard and includes general average and salvage charges
    Construction
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    Why work with us?

    Accessible expertise
    Our team of underwriters and claims personnel are accessible directly, ready to support you and your clients' needs with our specialist expertise.
    Strength in service delivery
    The service which we deliver to brokers and policyholders alike is something which we pride ourselves on, and brokers rely on.
    A Munich Re company
    We're part of Munich Re Specialty Group Limited, which means we're supported by the financial strength and stability of Munich Re.

    Get in touch with us

    Insurance brokers looking for more information about our construction insurance solution for their clients can contact our team.
    Contact us

    Making a claim

    If you are looking to make a claim, you should contact us as soon as possible. Details on how to make construction insurance claims can be found on our claims homepage.
    Claims

    Frequently asked questions

    What is Contractors All Risks (CAR)?

    Contractors All Risks (CAR) insurance, also known as Contract Works insurance, protects the insured against loss of or damage to property, equipment, or building materials. This cover focuses on the construction works in progress, protecting building contractors and other construction trades, and/or project owners.

    What is Erection All Risks (EAR)?

    Erection All Risks (EAR) insurance covers the erection and installation of electrical or mechanical machinery and plant. The cover focuses on the installation of machinery and plant, protecting machinery installers and extends beyond Contractors All Risks (CAR) insurance by also including cover for testing and commissioning.

    What’s the difference between DE3 and DE4?

    Defect Exclusions (DE) are a range of exclusions for damage to property that is caused by defects in design, workmanship, or materials. DE1 is a total exclusion, whereas DE5 is at the opposite end of the spectrum, writing cover back into the policy for all defects except for any improvement in design or materials. DE3 tends to be the market standard, and excludes property that is defective but provides cover when there is consequential damage. DE4 is similar, but only excludes the component parts or individual items that are defective, rather than the whole property. Our Construction Insurance policy is based on DE4.

    The information provided in this content is intended for Irish insurance brokers acting on behalf of their prospective or existing clients.

    Any description is for general information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any product. Policyholders who have questions or wish to arrange or amend cover should contact their insurance broker. Insurance brokers can find details of how to contact us here.

    Any descriptions of coverage contained are meant to be general in nature and do not include nor are intended to include all of the actual terms, benefits, and limitations found in an insurance policy. The terms of any specific policy will instead govern that policy. Any guidance for Irish insurance brokers is intended to provide general information only, and should not be used as a substitute for legal advice.