Civil Engineering Completed Risks (CECR) Insurance

Some completed civil engineering structures are only exposed to a negligible fire hazard, and therefore a typical fire policy would be inappropriate. However, these structures can still be exposed to elemental perils, geological conditions, or hazards from operation and use of the structure.

Cover

It is a named peril policy, issued on an annually renewable basis, and is for material damage only.
Following a loss or damage, the policy indemnifies to repair/reinstate the structure to the condition prior to the loss event.
The main exclusions are: Political risks; Nuclear reactions, nuclear radiation or radioactive contamination; Willful act or willful negligence; Wear and tear, inherent defects; Lack of maintenance; Consequential loss

The perils covered are:

• Fire, lightning, explosion, impact of landborne or waterborne vehicles
• Impact of aircraft and other aerial devices or articles dropped therefrom
• Earthquake, volcanism, tsunami
• Storm (air movements stronger than grade 8 on the Beaufort scale)
• Flood or inundation, wave action or water
• Subsidence, landslide, rockslide or any other earth movement
• Frost, avalanche, ice
• Vandalism by individuals