Completed Construction All Risk Insurance
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1. Product OverviewUnder Management and operation of completed civil works such as railways, roads, tunnels, bridges, breakwaters, piers, golf courses, etc.
It is an insurance policy that comprehensively covers the physical damage or loss incurred to civil works (insurance objects) as a result of accidental and sudden accidents, liability for legal damages of 'property damage' and 'bodily disability' to 3rd parties, and the loss of profits arising from the suspension or obstruction of the operation of the secured business as a direct result of accidental and sudden physical damage or loss incurred by civil works (insurance objects).
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2. Company Who needs this policyLarge-scale civil engineering facilities such as tunnels, bridges, railways, roads, coastal structural logistics, dams, and other facilities logistics (golf courses, ski resorts, fishery reservoirs, water and sewerage treatment facilities, etc.)
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3. Main covered damages
All Risk Coverage is a total risk Insurance that excludes named risk under the terms and conditions.
Fire, lightning strikes, explosions, collisions with land or sea transport
Collisions caused by aircraft, damage caused by aircraft and drops from them
Natural disasters (earthquakes, volcanic activity, tsunamis, storms, floods, floods, waves or other water materials, frosts, avalanches, ice)
Sedimentation, mountain or rock avalanches, or similar cataclysmic fluctuations
Deliberate destruction by individual actors
Liability Accident
Lost profits, etc.
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4. Main not covered damages
Losses caused by war and war-like events, strikes, riots, disturbances, requisition, confiscation by public authorities
Loss or damage caused by nuclear reactions, nuclear radiation, or radioactive contamination
Loss or damage caused by the willful conduct of the insured or its agents
Damage or loss due to inherent defects, wear and tear, gradual deterioration or expansion or contraction due to changes in temperature
Damage or loss caused or aggravated by the insured person's neglect of repair or care
Consequential damage or loss