During the construction/installation of:
- Buildings and civil works
and the operation of assets within industries involved in:
- Renewable energy
the company’s property is exposed to various perils such as from:
- Internal causes e.g. breakdown, faulty materials, design, workmanship
- External causes e.g. fire, accidental damage, impact, weather perils
HDI can provide insurance for :
Physical damage caused by these perils and more, including when followed by a downtime of works/operation which causes financial consequences for contractors and owners/operators of such property.
HDI offers a broad range of Engineering and Construction Insurance-products from standard policies to bespoke solutions including manuscript wordings. HDI can arrange insurance programs for projects OCIP (Owner controlled insurance programs) and CCIP (Contractor controlled insurance programs) covering interests of various insured parties according to the needs for the specific project and / or local requirements.
HDI reimburses all the agreed costs incurred to restore structures, machinery to its status prior to damage. Additionally ALoP/DSU (Advanced Loss of Profit / Delayed Start Up) or BI (Business Interruption) insurance offer protection for consequential financial loss of profits; ICoW (Increased cost of working) is an integral part of any ALoP/DSU/BI cover.
HDI products’ proposition embraces construction/engineering policies protecting all industries’ projects controlled by either Investor or Contractor as well as policies during the operational phase for Operators’ assets, e.g.: