Constructions and installation works

The goal of insuring construction and installation works is to reduce the proprietary risks arising during the course of construction work and to restore the pre-loss situation in the case of a loss event. Construction and installation work insurance is a product specially designed for builders or contracting entities for the purpose of construction work, in which insurance coverage pursuant to the principle of all-risk insurance is offered.

Possibilities for Seesam Construction and Instillation Insurance

Subject to being insured are construction or installation works and construction related equipment. While the sum insured of the construction works equals the final cost of the construction works, the sum insured in the case of tools and temporary buildings is the acquisition cost less depreciation, i.e. the value of the property on that date.

When renovating, you should not forget that construction works may cause damage to the existing building. The existing building can be involved in the insurance contract being concluded, if the damage arising from construction is not compensated under the insurance contract belonging to the owner of the building. In addition to the aforementioned property insurance, liability insurance can be provided in the contract as well as the cost pertaining to overtime and night-time work due to the need to speed up work following a loss event.

Depending on the nature of the construction work, the contract may include a specific object of construction or works which are performed within a defined period of time, usually within one year. Usually "major" construction works are insured based on the object and "minor" construction works are insured pursuant to the principle of annual insurance. How to define "major" and "minor" is left for each company to decide.

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Construction and Installation Insurance applications:

Terms and Conditions:

Insurance is provided by Compensa Vienna Insurance Group, ADB Estonian Branch, which operates under the Seesam trademark in Estonia. Before concluding policies, please read the terms and conditions at and consult an expert if needed.
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