Civil Engineering Complete Risk (CECR)
The Civil Engineering Completed Risk Insurance provides coverage against losses or damages to civil engineering structures after their completion.
Possible structures that can be covered include highways, roads, bridges, tunnels, dams, etc. The coverage is only granted for material damage to the structures insured and only repair costs are indemnifiable.
Fire, Lightening, Explosion, Impact by land borne/water borne vehicles
Impact of aircraft, Aerial devices
Earthquake, Storm, Flood, Wave action, Water etc
Subsidence, Landslide, Rockslide
Frost, Avalanche, Ice, etc.
Losses or damages to civil engineering structures after their completion such as highways, roads, bridges, tunnels, dams, etc are covered.
Construction Specification including location, values, materials used, maintenance routine, surrounding details etc.