Construction Civil Liability
The Construction Civil Liability Insurance assures the coverage of bodily and/or material damages caused onto third parties due to accidents during the execution of civil constructions and renovations, as well as installation, assembly, and dismantling services conducted at third parties’ sites.
About the Insurance
Assured:
Individual or legal entity who, having insurable interest, acquires the insurance for its own or third parties benefit.
Coverage:
Material damages to the insured facility.
Covered Perils:
Fires, machines breakdown, theft and robbery protection, and more.
Beneficiary:
People legally designated by the Assured or recognized as such by the legislation in force or by judicial decision to receive the benefits.
Claim:
Real estate owner’s or user’s loss or incapacity of generating income, whenever caused by any risk covered by the policy.
Indemnification:
The Insurance Company pays the Assured the due compensation for a loss, provided the claim is covered in the insurance policy.
SUSEP Circular No 621/2021 – Art. 5: The insurance proposal and contract conditions
shall inform, in accordance with the remaining requirements included in current regulation, the following:
I – the acceptance of the insurance proposal is subject to risk analysis;
II – product registration is automatic, and does not indicate approval nor
recommendation from Susep; and
III – the policyholder may verify the status of both the insurance broker’s registration and the insurer’s registration at the website www.susep.gov.br.
§ 2: The information in the item II above shall be inserted, necessarily, in each and every marketing and advertising material used.
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