CIA and Firedart Joint Venture

In recent times, we have seen a significant increase in new developments ranging from newly built residential schemes and complexes to new commercial properties and even newly built residential homes. In addition, a number of inner-city revamp projects have also led to large scale renovation projects to old and dilapidated buildings.

Due to the specific and often complex nature of risks encountered during a construction project, clients are always advised to obtain cover in terms of a Construction All Risk “CAR” policy as our buildings wordings contain certain restrictions for buildings under construction or during renovations.

There is however often uncertainty and potential exposure for clients when construction comes to an end and the buildings are occupied, especially if a claim arises during this handover period.

To ensure your clients are fully protected, CIA has partnered with Firedart, a leading UMA specialising in construction and engineering risks, to offer a seamless solution for these projects, be they simple home renovations or large scale developments.

CIA and Firedart are both underwritten by Compass Insurance Company Ltd, and through our seamless solution can offer your client the best possible cover during the construction period eliminating grey areas or potential gaps in cover.