During construction / installation / operation Civil Structures / Buildings as well as Machinery are exposed to a variety of perils, such as internal (e. g.: breakdown, faulty workmanship/material/design, human error negligence…) or external (e. g: fire, natural hazards, ...) ones. Physical damage caused by these perils followed by a downtime of works/operation can cause considerable financial consequences for companies and plant operators.
HDI offers a broad range of Engineering and Construction Insurance-products from standard policies to bespoke solutions incl. manuscript wordings. For projects OCIP (Owner controlled insurance programs) and CCIP (Contractor controlled insurance programs) are at our client’s disposal 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.:
For e.g.:
For major owners of contractors active within thecountry and world-wide
For e.g.:
As an integral part of our service Policyholders in all categories have access to risk-engineers from HDI Risk Consulting. They provide support to clients by the way of evaluation , early identification and assessment of relevant pre/past-risk scenarios. They accompany the clients from the early design stage throughout the construction/erection phase and the operational lifetime of the risk.
Engineers with many years of professional experience in the industry work for HDI as underwriters, claims-engineers and risk-engineers and provide support to clients on the full range of technical insurances.
HDI has sufficient capacity at its disposal to provide insurance cover for major projects.
Our world-wide network enables us to serve our clients in their home country as well as providing insurance policies almost world-wide.
HDI provides claims management services based on experience, ranging from minimising and repair of damage to a reliable claims settlement.
HDI Risk Consulting provides a cross-industry risk engineering service to help clients identify and quantify risks. Where necessary they can take risk-reduction and risk-avoidance actions. Risk engineers assess technical risks, which can result from the condition and operation of machinery, and plant and equipment. Construction project advice and support is provided in line with the relevant safety and security related requirements through local inspections and central co-ordination.
In the event of extreme weather conditions or an outbreak of fire, an emergency action plan facilitates taking prompt and effective damage-limitation action, thereby reducing the extent of damage or loss. Our experts can provide assistance. Our experts can provide assistance.