Construction and Erection Risks   

Construction and Erection Risks

Investors, contractors or subcontractors may take up insurance for any public, industrial, engineering or private building sites under the Construction and Erection Risks policy of Bulstrad Vienna Insurance Group.

Subject of insurance:

  • the entire building site;
  • the construction works performed under the contract;
  • materials;
  • plant and machinery;
  • investor's or contractor's legal liability for material damage or bodily injury caused to third parties.

Bulstrad Vienna Insurance Group provides cover for:

  • All risks, as well as compensation in case of destruction or damage of the insured property;
  • Liability for losses related to the health, life or property of third parties.

Bulstrad Vienna Insurance Group may cover additionally:

  • Loss or damage as a result of strike, riot or civil unrest.
  • Warranty services of construction works.
  • Extra charges for overtime, night work, work on public holidays, express freight.
  • Damage due to earthquake.
  • Property in off-site storage.
  • Damage of underground cables, pipes and other facilities.
  • Designer’s risk.
  • Vibrations, removal or weakening of support.

ИДЗП Строително-монтажни рискове

was founded on 31 July 1961. Since then the company has developed all lines of insurance and reinsurance business, such as aviation and marine, in which we have a leading position on the Bulgarian insurance market; cargo and property, motor insurance, construction-and-erection risks, personal lines and others.

In 1967, the Company registered its broking company in London, EUROPEAN INSURANCE AND REINSURANCE BROKERS (EIRB).