Engineering & Construction(C.A.R. / E.A.R. / C.E.C.R.)

Construction insurance is very important as it insures the project against hazards like fire, natural hazards, earthquake, bad workmanship, faulty design, but it also provides liability insurance for claims from third parties and the employees of the project.

What Can Be Covered
  • Contract of Works
  • Equipment and installations
  • Machinery
  • Debris Removal
  • Existing Property
  • Neighbor’s Liability
We Have Insured and We Insure
We have insured major Construction Projects
  • Olympia Odos / Co – Broker of JTL
  • Peace & Friendship Stadium
  • Psytallia sewage pipeline
  • Aktio – Preveza Underwater Tunnel
  • Port of Igoumenitsa
  • Calatrava pedestrian bridge
  • Μetal Roof of Olympic Velodrome and the «Agora» – Οlympic Complex
  • Construction of a Metal Deck Department & Supplies of 4 Marshide Platforms – Rion – Antirion Bridge (GEFYRA S.A.)
  • Construction, Transfer & Erection of Syros Shipyard Platform
  • Many projects of PPC in medium voltage networks, as well as:
  • – Upgrading of the Existing Electrostatic Ash Filters of Units III & IV – SES Kardias
  • – Electrostatic Lignite Filters of Unit III – SES Megaloupoli
  • – Conveyor System – SES Megaloupoli
  • – Replacement of Generator & Auxiliary Systems of Unit II – SES Ag. Dimitrios

We insure the Concessions Projects
  • Operation of Olympia Odos
  • Operation of Rion – Antirrion Bridge

Professional Pleasure Yachts

Protect your professional investment (with or without crew) with yacht insurance which includes compulsory third party liability coverage for bodily injury and property damage and marine pollution, as well as insurance coverage for the boat itself for any marine accident which can be caused by negligence or unforeseen factors.

Basic Coverages
  • Perils of the sea (sinking, contact, stranding, grounding)
  • Fire, Explosion, Piracy
  • Malicious Damages
  • Charterers’ negligence
  • Theft and / or Theft by the bareboat charterer
  • Illegal acts committed by the bareboat charterers
  • Machinery Breakdown
  • Charterers’ Personal Accident
  • Loss of Charter
  • Fall over the base when in laid up ashore due to weather conditions
  • Outboard motor falling overboard
Specialized
in Bareboats Insurance
  • Portfolio of more than 1000 yachts
  • Misappropriation Cover – illegal acts committed by the bareboat charterers (illegal immigration & smuggling)
  • Taylor-made programs covering Loss of Charter and Charterers’ Personal Accident
  • Claims handling and negotiation with the repairing firms
  • Cooperation with chartering companies, nationally operating

Group Insurance

You can offer important benefits to your personnel through the Employee Benefits Insurance. This kind of insurance offers benefits to your company (tax exemption, satisfied personnel) and to your employees.

Basic Benefits
  • Life Insurance
  • In and Out Patient treatment
  • Surgical benefit
  • Medical Visits
  • Medicines
  • Physiotherapies
  • Check-up
  • Maternity benefits

Credit Insurance

A cover that protects the policyholder in the event of a customer becoming insolvent or failing to pay its trade credit debts. It also covers the risk of default that could lead to severe impact to your financial statements and the sustainability of your company.

See the Benefits
  • Evaluation of the credibility of your existing or potential clients
  • Protection against random failures by preventing the risk with relevant information
  • Debt Collection in the event of a claim
  • A reduction in your bad debt provision and, in turn, a healthier balance sheet

Surety Bonds

An insurance policy that offers special privileges and flexibility to enterprises for new business undertakings.

It provides the opportunity to obtain insurance letters of guarantee to cover construction or service contracts liabilities, with particular benefits during a period of illiquidity without binding the total debt limits from the bank accounts and/or borrowing (external financing).

Types of Insurance policies
  • Ιnsurance of participation:
    It ensures that the contractor will submit the required supporting documents on time and will subscribe the contract at the bid price.
  • Insurance of advance payments:
    It ensures that the payments in advance to the contractor who undertakes the implementation of a project will be returned to the project owner in case of non-completion of the project and non-implementation of the contract.
  • Performance Insurance:
    It ensures the beneficiary against the financial loss that it will be incurred in case that the contractor will not meet the contractual obligations and their requirements.
  • Μaintenance insurance:
    It ensures the beneficiary that the contractor who has carried out a project is capable of carrying out the maintenance obligations derived from the contract and protects him from the financial loss that will be incurred in case that the contractor will not meet the maintenance clauses.
  • Payment protection insurance:
    It ensures that the contractor will cover specific vendors and suppliers of materials and services who are associated with the insured project. The insurance company covers the potential loss that the insured’s vendor/supplier may suffer due to failure to meet the insured’s obligations.
  • Τax and customs duty insurance:
    It covers the claims of the Authorities regarding the collection of taxes and customs duties which may be ascertained against the Policyholder.
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Cargo Insurance

Secure your goods transported around the world through Cargo insurance. With specialized coverage depending on the type of goods and the way they are being distributed.

Special Insurance Clauses
  • Institute Cargo Clauses C –fire, explosion, grounding, sinking, collision, contact of vessel craft or conveyance with any external object, discharge of cargo at a port of distress, loss of or damage to the subject-matter insured caused by general average sacrifice jettison
  • Institute Cargo Clauses B – fire, explosion, grounding, sinking, collision, contact of vessel craft or conveyance with any external object, discharge of cargo at a port of distress, loss of or damage to the subject-matter insured caused by general average sacrifice jettison, E/Q, volcanic eruption , lightning, entry of water into the vessel and total loss of any package
  • Institute Cargo Clauses A – All risks