Construction Engineering Companies

The Renaissance Way on Construction/ Engineering Insurance.

Construction/Engineering is a very diverse sector, which Renaissance Insurance Brokers covers in various ways. We specialize on:

  • Civil Engineering Contractors
  • Electromechanical Contractors
  • Privately Financed Public Initiatives
  • Property Developers
  • Supporting businesses such as building materials

We distinguish our services in this segment into two categories:

  • Project Insurance
  • Annually renewable insurance programs

Project Insurance: On project insurance focus is placed on the project as such and solutions include:

  • Property project cover (Contractors’ All Risks) which can include Loss of Profits cover if required by the financing structure or the client
  • Project cargo covering transit of project parts to the construction/ erection site
  • Project Liability cover, including Third Party Liability and Environmental Liability if required
  • Contingency cover, including Terrorism and political risks if required.

Annual Programs: Annual programs usually include risks that don’t have a specific timeline and solutions available include:

  • Employer’s Liability, a challenging area of cover due to the number of parties involved in any project and the loose employment lines between contractors and subcontractors
  • EPublic Liability, which can provide umbrella liability cover from third parties to all projects active any one moment. Environmental Liability can be added
  • Fleet Insurance, which protects the company’s fleet in a homogeneous way on and off the construction site
  • Directors’ and Officers’ Liability Insurance that takes care of board-room risk
  • Machinery insurance, that protects the company’s machinery across Cyprus
  • Employee Benefits, including Group Medical, Life and Accident programs to ensure the company attracts and retains top talent
  • Niche Insurance services include:
    • Annual Construction programs for developers. These programs include all projects active any one time and enable the developer to achieve the lowest possible rates with the widest available coverage.
    • Multinational programs for companies operating outside Cyprus

Our solutions are available to Construction/ Engineering companies of all sizes and types.

    Our Promise on Service

  • Starts with Listening: We take time to understand your specific needs and design a tailor-made program.
  • Continues with commitment: We are a family-owned business, just like most of our clients. Our commitment is to our clients and not any public shareholders.
  • Evolves with your business:We grow with you, share knowledge and expertise and maintain the relationship for the long-term.