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Building & Contracting insurance solutions

Our principal strength is that we understand the construction industry as a whole.
Large-scale infrastructure projects (subway lines, tunnels, airport terminals, dams, commercial property construction) need appropriate and sound insurance and financial coverage, tuned to the clients’ needs, activity sector and location. It is our mission to help you manage your plan and contend with changing insurance requirements.


Through reliable partnerships worldwide, our group supports its international corporate clients even when venturing into territories where it is not directly present.
Close and regular contacts that we maintain with our clients allow tracking the technological evolution of the clients’ industrial processes and their geographic development projects.


Erection all risks (EAR) insurance policies are designed to cover the risk of loss arising out of the erection and installation of machinery, plant and steel structures, including physical damage to the contract works, equipment and machinery, and liability for third-party bodily injury (BI) or property damage (PD) arising out of these operations. Coverage for delay in start-up (DSU) costs is typically an optional coverage. Covered parties include the general contractor, subcontractors, and in some cases suppliers and manufacturers of equipment.
Contractors all risks (CAR) insurance policies typically consist of three coverage parts. Part I is analogous to builders risk policies issued in connection with domestic construction projects. It provides coverage for damage to the project under construction and for materials and equipment that are destined for incorporation into the project, including items in storage and in transit to the site. Part II provides liability insurance for third-party bodily injury (BI) and property damage (PD) arising out of the construction operations. Part III is an optional coverage for losses arising out of a delay in start-up (DSU) due to an insured loss. This coverage is analogous to delayed opening/soft costs coverage available in conjunction with domestic builders risk policies. Covered parties include the project owner, general contractor, subcontractors, and in some cases suppliers of materials and equipment. In rare instances, the design professional may also be an insured.

• General Liability

General liability insurance (GL) is designed to offer specific protection against third party insurance claims, i.e., payment is not typically made to the insured, but rather to someone suffering loss who is not a party to the insurance contract. In general, damage caused intentionally as well as contractual liability are not covered under liability insurance policies. When a claim is made,[1] the insurance carrier has the duty (and right) to defend the insured. The legal costs of a defense normally do not affect policy limits unless the policy expressly states otherwise; this default rule is useful because defense costs tend to soar when cases go to trial.

• Inherent Defect Insurance(IDI)

Despite the recent progress made in the construction industry, building defects remain a regular occurrence. Inherent Defects Insurance, also known as Latent Defects or Building Defects Insurance, reduces the risk for building owners. First-party property insurance that covers physical damage or imminent collapse of newly constructed property caused by faulty design, engineering, workmanship, or materials in load-bearing elements such as foundations, columns, walls, floors, beams, roofs, and land improvements. Available to qualified owners, developers, and contractors for up to a 10-year policy term, IDI provides a mechanism for reducing or avoiding construction defects litigation.

• Annual policies

Insurance cover that remains in force for 12 months, unless renewed or canceled earlier by the insured or the insurer. An annual policy covers all claims that may be made, from any number of different projects, over the course of that year.

 • Single projects

A single project policy will normally start at the design stage of the project and then cover any professional liabilities that arise on that project for a subsequent time, which can be up to 12 years.
Single project insurance programs are an increasingly popular risk management technique used by property owners, developers and contractors for large construction projects to reduce total construction costs whilst controlling the scope of risks to be insured and enabling the quality and solvency rating of the desired Insurer to be vetted.

The Microsource Group Corporate Solutions highly qualified teams design and implement customized solutions taking into account the risk parameters such as high-risk land, weather-related risks, risks to neighboring areas or related to presence of a substance capable to trigger serial claims.Individual Risk consulting programs adapted to the construction risk underwritten and tuned to the client’s activity sector are proposed to the client.

Through a multidisciplinary approach, The Microsource Group Corporate Solutions analyzes and manages critical issues, whether related to clients’ internal processes, technology or human resources.