Insurance for Builders

Insurance can be taken out for various areas and protects the insured in the event of occurring risks. In this case, the insured pays the contracting party a certain amount in order to receive support from them in the event of a claim.

Especially on construction sites, insurance can protect and secure those involved and partners. Construction companies face major risks with every construction contract, which in the worst case can threaten their existence. Possible damages can include:

Crane tipping over

Collapse of construction scaffolding

Vandalism and theft by third parties

The Most Important Insurance for Builders

There are a variety of insurance policies that are essential for builders and protect against financial burdens. The most important insurance policies for builders are builder's liability insurance, construction performance insurance, construction worker accident insurance, construction equipment insurance, and construction operations liability insurance.

Coverage of Services – Insurance for Builders

The insurance standard is Builder's Liability Insurance. It insures the builder against possible risks that could arise in connection with the construction.

Construction Performance Insurance protects against unforeseen damage that could be caused by bad weather or actions of third parties, such as vandalism.

Construction Operations Liability Insurance covers the protection of damage that has occurred to third parties. This includes consequential damage from faulty construction work or damage to neighboring properties.

Construction Equipment Insurance covers part or all costs in the event of damage to the construction equipment. There are two types of insurance: construction equipment comprehensive insurance (ABG) and machine and comprehensive insurance for mobile equipment (ABMG).

Renting Construction Machinery from klarx – How Am I Insured?

If no limitation of liability is agreed upon, the renter is liable for any damage to the rental equipment (regardless of whether caused by the renter or third parties) and for loss or theft during the rental period. In this case, the renter is required to insure the equipment for the duration of the rental period against all types of damage, to the extent insurable, in favor of the lessor and to submit the insurance company's coverage confirmation to the lessor before the start of the rental.

When you rent machinery from klarx, we provide you without exception with a liability limitation that insures you against damage to the rental equipment. If you already have one yourself, we ask you to provide proof.

Further information can be found in our Terms and Conditions.