Every construction site represents a major investment and a strategic endeavor. With BANGE BANK BENIN’s Construction All-Risks Insurance, you protect your building projects against technical, material, and financial risks. Developed in partnership with leading insurance companies, this product is designed for investors, developers, and project owners, ensuring project continuity while complying with CIMA Code standards.
With BANGE BANK BENIN’s Construction All-Risks Insurance, you secure your projects, anticipate risks, and guarantee the success of your investments in the construction sector.
Guarantees
Key coverages in accordance with the CIMA Code
In compliance with CIMA Code requirements, the Construction All-Risks Insurance includes:1
Damage to construction site property
Coverage for losses and material damage on the site (materials, equipment, structures under construction).2
Construction site civil liability
Protection against damage caused to third parties during construction works.3
Theft and vandalism
Coverage for losses due to theft of equipment or acts of vandalism.4
Natural disasters
Compensation in case of flooding, storms, fires, or other climatic events affecting the construction site.5
Business interruption or delay
Financial support in case of temporary stoppage or delay of the construction site due to a c
Target audience
An insurance solution for every profile
1
Investors and lenders
Securing invested capital and protecting against unforeseen events affecting the financing of the construction project.2
Project owners and developers
Ensuring continuity of work and coverage of technical and material risks until project completion.3
Construction companies
Protection of equipment and personnel mobilized on the construction site.How does it work?
1
Subscription
The policy can be taken out when granting a construction loan or directly at the branch.2
Personalized assessment
The insurer, in collaboration with BANGE BANK BENIN, identifies the necessary guarantees based on the nature and scale of the project.3
Claim declaration
Any incident must be reported promptly to the insurer via your bank.4
Compensation
Any incident must be reported promptly to the insurer via your bank.Why choose BANGE BANK BENIN?
1
Compliance with the CIMA Code
full adherence to legal and regulatory standards for optimal legal and financial protection.2
Personalized support
our advisors guide you in selecting and managing your construction insurance.3
Simplicity and efficiency
one single point of contact through BANGE BANK BENIN for all contract procedures.4