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CONSTRUCTION INSURANCE

Let's guess today subject

INTRO

PROPERTY

STRUCTURAL DAMAGE

THE COVERAGE OF THE CONTRAT

INTRO

BRAINSTORMING

SPINETTA LAW

Project Owner:

Professional:

Examples: Mason, plumber, carpenter, etc.

Examples: Property developers, real estate traders, individuals

• Fine of up to €75,000 and 6 months of imprisonment
• No penalties for individual owners

• Fine of up to €75,000 and 6 months of imprisonment
• Decennial liability insurance is mandatory

Objective of the law:

1. Protect the contractor
2. Speed up compensation timelines
3. Avoid legal disputes
4. Make decennial liability insurance mandatory

The stakeholders in construction

Info

Project Owner:

Info

Contractor (Project Manager):

Contractors:

Subcontracting Companies

Manufacturers

Focus on the SPH Coordinator

Safety - Prevention - Health

Their involvement is mandatory as soon as 2 different companies are present on the same construction site. Their goal is to prevent risks associated with the activities of one company from impacting another. If necessary, they redefine each party's interventions in terms of safety and hygiene. They are not subject to decennial liability insurance.

video

PROPERTY

WHO MUST BE INSURED

In your opinion, what are the types of insurance they need, and what do they cover? Also, what are the risks in case of no insurance?

THE STEAKHOLDERS / THE PARTICIPANTS

PROPERTY

DUEL

GROUPE A

GROUPE B

CHALLENGE YOUR KNOWLEDGE

1. Enclosure
2. Roofing
3. False ceiling
4. Underground piping
5. Structure
6. Foundations
7. Sanitary facilities

EX 2 Show us : - Constitutive elements (4) - Dissociable elements (2) - Non dissociable elements (1)

Structural damage insurance

Who do you think this insurance is for ?

CONTEXT OF THE CONTRACT

PRICING CRITERIA

LITTLE GAME

Structural damage insurance

Who do you think this insurance is for ?

Structural damage insurance

About the contract:

- The contract has a term of ...... years - It begins with ? ........... .. ... .... . - Why this insurance was created ?

Structural damage insurance

COMPLETE THIS TEXT

The decennial liability insurance (also called ___________) is a mandatory insurance in many countries, especially in ___________. It is designed to protect ___________ from potential construction defects or damages that could compromise the stability or safety of a building. This type of insurance typically covers damages or defects for a period of ___________ years after the completion of a building project. It applies to ___________ (builders, developers, contractors, or architects) who are involved in the construction process and can be held liable for structural issues.

Structural damage insurance

COMPLETE THIS TEXT

Context of the Contract: The decennial insurance contract is signed ___________ (before, during, or after) the start of construction and remains in effect for a total of ___________ years after project delivery. The process involves: Submitting detailed ___________ of the project to the insurer. Conducting ___________ inspections and audits. Issuing the certificate of coverage before ___________ (project completion or delivery). This policy ensures that all parties involved in the construction process comply with ___________ (local regulations or international standards) while protecting future building owners from unforeseen damages.

THE COVERAGE OF THE CONTRACT

Guarrantees : before reception

Where ?

When ?

What ?

Why ?

Who ?

THE COVERAGE OF THE CONTRACT

Guarantees : before reception

What ?

decennale guarantee

Who ?

contractor, architect

before receipt

When ?

Why ?

to protect the buildings

Where ?

the place where the construction takes place

Which damage ? liability and et accident on construction site

THE COVERAGE OF THE CONTRACT

Game : find the right answer

THE COVERAGE OF THE CONTRACT

Video 2

THE COVERAGE OF THE CONTRACT

correction

THE COVERAGE OF THE CONTRACT

Questions about the video

THE COVERAGE OF THE CONTRACT

Guarrantees : after reception

Where

What ?

Parfait achevement, decennale, bon fonctionnement

Who ?

THE COVERAGE OF THE CONTRACT

Guarrantees : after reception Perfect completion guarrantee

During the year following acceptance of the work, you benefit from a guarantee of perfect completion (GPA). During this period, the contractor is obliged to repair any reported defects.

THE COVERAGE OF THE CONTRACT

Guarrantees : after reception : The insurance prefinances

The builder must repair undetectable damage at handover, covering defects that affect the building's solidity, inseparable equipment, or make it uninhabitable or unfit for use.

THE COVERAGE OF THE CONTRACT

Guarrantees : after reception : guarrantee of proper functioning

The good working order guarantee lasts 2 years after acceptance and covers repair or replacement of non-apparent defects in removable equipment

THE COVERAGE OF THE CONTRACT

True or False? RC after receipt

FINISH

THANK YOU

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Constrcution damage insurance

This type of insurance covers damages that may occur during construction, ensuring that the project is protected against unforeseen incidents

Decennial insurance

This type of insurance is typically required for construction projects and covers defects in construction work for a period of ten years after completion.

CLIENT / PROJECT OWNER

It is the person who requested the construction of a property; they can be either an individual or a professional.

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BUILDERS

The constructor is the person or company that carries out construction work. The constructor ensures that the project is completed on time and meets safety standards.

PROJECT MANAGER

The project manager is the person who manages a construction project. They coordinate the work, ensure everything is done on time, and stay within budget. They act as the link between the client and the various contractors.

Who is the project owner?

The project owner can be a public entity such as the state, local authorities, or public institutions. It can also be a private entity, such as companies, associations, or even a professional, like a developer selling buildings under construction.

The role of the project owner is to define, identify, or commission studies, select and finalize contracts for the hire of work, make payments, and accept the completed project

Role of the contractor (project manager):

Advise and assist the project owner, design the project with plans, oversee the work, and monitor its execution.

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RISK OF NO INSURANCE

For all types of insurance, the risks incurred are:

• 6 month of prison
• 75 000€ in fines
• Not being to be reimbursed and paying for the damages alone