2023-12-17 23:00:00
What is ten-year insurance for?
Before each project, contractors, project managers and subcontractors must take out a ten-year insurance for construction professionals to guarantee the solidity of their works. This guaranteemandatory under the Insurance Codecovers damage compromising the stability of the construction for a period of ten years following receipt of the work.
What does the ten-year warranty cover?
Before starting work, the contractor must subscribe to a damage insurance and a ten-year insurance certificate. This subscription is a legal obligation, and neglecting it may result in sanctions. The insurance contract, which covers the site 10 years following delivery of the site, must take into account the specificities of the latter. This is why there are different types of contracts covering all possible damages depending on the nature of the work:
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Structural cracks
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Sealing problems;
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Collapse or subsidence;
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Lack of conformity;
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Solidity problems;
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Thermal or sound insulation defects.
What is the difference between ten-year insurance and the perfect completion guarantee?
It is also mandatory (article 1792-6 of the Civil Code), the guarantee of perfect completion intervenes during the first year following receipt of the work and covers the possible defects and minor imperfections which appear following delivery of the work. Other insurances are compulsory for any construction company:
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Professional civil liabilitywhich covers both damage suffered by employees and possible damage to the environment or property;
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Damage insurance currently under construction;
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Legal protectionwhich protects you in the event of legal problems.
Delivery of a construction site: who is responsible for what?
Project owner and project manager
The project owner, as owner, must check that the contractor has taken out insurance. The project manager, for his part, must ensure that all stakeholders comply with the insurance obligations.
Dispute: how to react?
In the event of a dispute associated with poor workmanship, the insurer must cover the necessary repairs, in accordance with legal provisions. It is obviously up to the subscriber to contact their ten-year insurance in the event of a problem. In the event of a claim, the declaration must be made within the allotted time frame to ensure optimal coverage by the insurer.
How to choose ten-year insurance?
Compare insurance offers!
As with any guarantee, whether professional or not, construction professionals must bring competition into play by comparing insurance offers. To avoid wasting time, use an online ten-year insurance comparator and then make several quote requests to optimize your chances of obtaining the best possible one. It is also possible to hire a broker to do these steps for you. Finally, to avoid any unpleasant surprises, pay close attention to contract exclusions.
Size your contract according to your needs
Not all construction professionals are exposed to the same risks, and a ten-year insurance contract that is perfect for another builder may not be suitable for your needs. Your turnover may change depending on the months following the signature, a regularization indexed to the evolution of your turnover seems wiser.
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