As a builder/ contractor, there are many things to consider in a project. You have to keep track of payments for building material, hiring of contractors and sub-contractors, and financial institutions that have invested in your project.
Before commencing a project, the most important thing is to insure your project against potential risks, so that you can concentrate on the work at hand. It is important for your safety to have a blanket policy that covers every aspect or stages of the construction process to reduce your risks.
The risks generally exposed to Construction and Infrastructure Company, which may impede the smooth functioning of the organization and may cause financial losses like
- Risk to Project
Managing risk is an important part of the business. The loss or damage to the construction site due to natural catastrophe, fire, accidents and fire is included in it.
- Risk to Machinery
Loss to machines and other equipments due to accidents on site.
- Risk to Material
Loss of material in transit or during storage.
- Liability Risks
Liability towards third party against any accident, injury and loss of property within campus.
- Risks to Manpower
Accidents at work on site or off site, diseases and illness.
At VIBS, we analyze all the risks associated with your business and provide you the best possible insurance solution, with best company and policies that suits your need.
Contact Us to meet our business experts who will help you ascertain the nature of risks you are exposed to and the best way to mitigate them.
