Your construction project is exposed to inherent defects and natural disasters which results in damage. With a Construction All Risks (CAR) insurance, damage to or due to the work is insured. There are more insurances that cover project risks. Examples include Delay in Start Up (DSU) and Inherent Defects Insurance (IDI). Operational machines and installations are adequately protected with a Machinery Breakdown Insurance. Anchor maps your exposures and provides optimal contract advice. Our team assists customers with insuring construction projects and operational technical risks worldwide.
Contractors and installers
In collaboration with leading insurers in the Netherlands and abroad, Anchor offers an insurance solution for your continuous insurance through the customized ABC product which stands for Liability, Professional Liability and Construction All Risks. It is often wise to have a Marine cargo insurance connection to this.
Owners
For larger or more complicated construction projects, the owner or Employer of a project takes out the Construction All Risks insurance themself, partly for the benefit of the other parties involved in the construction. The contractor then (partly) cancels the project under its own CAR insurance to avoid double costs.
Machines and installations
Especially if large forces, high temperatures and/or high pressure are important in the operational process, machines and installations are susceptible to damage due to an inherent defect. If a critical machine fails, this can also lead to business interruption, for example due to long delivery times. In such cases, machine breakage insurance can offer a solution.
Renewable energy
From the start of the energy transition from traditional to green, our specialists have been involved. Placing insurances for wind farms (both on land and at sea), solar parks and geothermal energy has specific characteristics with which we are well acquainted. During the contract negotiations, we assist customers with the aim of ensuring a fair distribution of the risks between the parties involved in the construction.
Wet Works
Our customers are involved in many sorts of "wet" construction projects such as the construction of breakwaters and quays, or land reclamation and dredging work. It is important to align the project insurances with the continuous insurances of the ships that are used. The coverage should be further adjusted to the method of working and the influences of the water and the weather.
Public Private Partnership
Insuring so called PPP projects has its own dynamics. The revenue model and the risk allocation between parties differs from traditional projects, as the financiers involved impose additional requirements on the quality of the insurance program. With our insurance products, financial close is successfully achieved.
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