Construction Insurance in South Africa

Construction is more than just buildings - help your business minimise losses and keep your business running smoothly

Construction Insurance has various cover options for unforseen risks 

Construction Insurance - it has various cover options for unforseen risks

Why Construction Insurance:

Construction Insurance is designed to cover contractors or businesses who are engaged in, or need to protect them from various risks.

Building of infrastructure, is a key facilitator of economic growth. However, the associated risks for firms that undertake this development can be as sizeable as the civil, building and mechanical engineering projects themselves.

Construction Insurance and Engineering risks are specialised and companies in this sector must insure themselves against these risks seperately to their core business policy.  Risks related to the client’s suppliers and sub-contractors, should also be taken into consideration when looking at Liability cover.

Contractors Insurance have a range of solutions available, such as the following:
  • Advance loss of profits;
  • Civil engineering completed risks;
  • Contractors' all risks;
  • Contractors' third party liability;
  • Electronic equipment;
  • Erection all risks;
  • Engineering project insurance cover;
  • Machinery breakdown;
  • Plant all risks;

Specialised solutions such as Broadform Liability, for instance ensures that all aspects of the client’s industry – whether it entails electrical, civil or structural engineering, as well as earthworks – are covered in a catch-all policy.

We can assist clients to identify their contractual risks or risk profile, as well as which of their risk is insurable – thus ensuring that the client enforces proper risk management practices.

DIB Solutions (Pty) Ltd have partnered with reputable underwriters and various insurance companies in order to assist our clients with appropriate Insurance cover – we can therefore also assist clients with tailor-made products (where applicable) at competitive premiums. We provide a professional and personal service, as well as build long-term relationships with our clients. Discuss your individual needs with one of our experts.


Consider cover that can be tailored to meet specific requirements and risks, such as:

  • Advanced loss of profits;
  • Building erection risk;
  • Demolition risk;
  • Lateral support, machinery and electronic equipment breakdown;
  • Performance guarantees.
  • Third-party liability;
  It is just as important for the Contractor to consider what is 'excluded' from the Constractors Insurance policy, as it is to know what is indeed 'covered'. 

Construction Insurance may include the following:

  • Buildings in the course of erection (Contract Works policy);
  • Civil engineering e.g. roads, dams, reservoirs, earthworks, tunnels, concrete bridges, piers, runways (Contract Works policy);
  • Construction plant whilst in storage, transit, on the contract site and while being used as a tool of trade. The policy can also be extended to cover the plant whilst underground and for machinery breakdown. In addition, standard cover is available for hiring costs, legal liability arising out of the hire and continuing hire charges (Plant All Risks);
  • Machinery Relocation e.g. plant/machinery being dismantled and machinery transit by rail/road (Dismantling, Transit & Erection policy);
  • Machinery Erection e.g. turbines, boilers, process plants, transformers, switchgear etc (Dismantling, Transit & Erection policy);
  • Own plant and machinery or goods being manufactured and/or in their custody and control against impact damage and that which is not dealt with under a Fire policy (Works Damage policy);

Construction risk-management products may include the following:

  • Annual or project-specific cover for contract and engineering works;
  • Public liability;
  • Lateral support;
  • Project delay/frustration;
  • Plant and equipment;
  • Plant hire (in and out);
  • Advanced loss of profits/Loss of revenue;
  • Professional Indemnity;
  • Machinery breakdown and consequential loss.

Please contact us today for fast, friendly, professional advice and service!

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