Takaful insurance of construction and installation risks

Construction and installation work is one of the most complex industries, with a great many risks. At every stage, from digging the foundation to handing over the building, unexpected events such as failure of construction equipment, natural disasters, and damage caused to third parties during construction can all lead to serious financial consequences.

-Civil construction — Multi-story residential buildings, office centers, hotels, shopping complexes;

-Industrial construction — Factories, production workshops, energy facilities, industrial enterprises;

-Infrastructure construction — Roads, bridges, tunnels, water supply and sewerage systems;

-Installation work — Installation of mechanical, electrical, hydraulic, and process equipment;

-Agricultural facilities — Construction of irrigation systems, reservoirs, farms, and agro-complexes;

-Special construction work — Foundation reinforcement, underground structures, lifting and crane operations.

-Fire, lightning, explosion, fall of aircraft, spontaneous combustion;

-Theft and malicious acts of third parties;

-Flooding and inundation, pipe bursts;

-Storm, hurricane;

-Earthquake, mudflow, snow avalanche, ground subsidence, landslide, ground displacement;

-Collapse of machinery and mechanisms, construction materials, and structures;

-Damage caused by the unknowing use of defective materials and structures.