Damage on a construction site is nothing exceptional. On the contrary, almost every building project sooner or later has to contend with minor or major damage. And that is the starting signal for a game of musical chairs: Who is liable? For what? And for how much? And, above all, who is going to pay? All risks on construction site insurance is then of vital importance.
Essential for all building project stakeholders
ARCS insurance is a boon to anyone who has to be on construction site at regular intervals:
- Prime contractors
- Architects and design offices
- Control agencies
- Coordinating agencies
Extended ARCS cover
The cover is not called all risks for nothing. This means your insurance company undertakes to pay for any damage that is not explicitly excluded from the policy. It is therefore up to the company to prove that the cause of the damage is attributable to one of the excluded risks. And that is often far from simple.
The ARCS policy comprises two parts. Damage to the work (both temporary structures and existing property), on the one side, and liability insurance, on the other. As a prime contractor you may be held liable for neighbourhood disturbances (article 544 of the Civil Code). A standard company liability policy does not cover this no-fault liability. All the more reason to take out an ARCS policy.
Focus on insured value
An ARCS policy generally pays compensation for damage to structures equal to the amount in the contract for services. The designers' fees are also included.
Site huts, materials and construction equipment are insured at their actual value and construction machinery at the replacement as new value. Compensation for liability is provided subject to special conditions and invariably involves a maximum commitment.