CAR – Contractor's All Risks
Contractor's All Risks insurance is split into a material part, civil liability part, and loss-of-profit part for the principal. You can take a policy for a single project or an annual policy covering all construction works during the year.
- Material part: construction, reconstruction, conversion or repair of residential or business buildings; private house refurbishment; equipment installation; on-site equipment and existing property.
- Civil liability part: material loss and bodily injury to third parties.
- Risks: fire, water, natural disasters, collision by construction machinery or transport, theft, vandalism, and more.
Marine (hull) insurance
Registered vessels with engines and equipment, as well as yachts, motorboats, and cutters can be insured.
- Collision with objects in the water, capsizing, sinking.
- Natural disasters: storm, hurricane, tsunami, lightning.
- Fire, explosion.
- Running aground.
- Unlawful third-party actions, including theft, robbery, sabotage, etc.
- Salvage costs are reimbursed in addition.
Aviation insurance
Aviation risks are insured in line with Latvian legislation and international aviation insurance rules, which allows reliable reinsurance with reinsurance companies.
- Aircraft hull (CASCO) – planes, helicopters, gliders, balloons, hang gliders, etc.
- Aircraft owners' civil liability towards third parties, passengers, and for cargo.
- Civil liability of airport operators, ATC centres, hangar owners, and related companies.
- Voluntary cargo insurance in flight – single shipment or annual policy.
- Accident insurance for crew, on-board staff, and student pilots during flight (mandatory for crew).
Financial risk insurance
The insurer pays the sum insured in full or in part to compensate losses arising from bankruptcy, unforeseen expenses, counterparty default, court costs, or other events.
- Customs guarantee insurance – a state guarantee for customs procedures and duties.
- Excise duty obligation insurance.
- Construction guarantee insurance – tender, advance payment, performance, and warranty period guarantees.
- Trade credit insurance – payment guarantee for deferred-payment sales.
- Business interruption insurance.
- Financial institution insurance – employee dishonesty, theft, forgery, and other risks.
Other risks
Ask us, and we will help. AGGA Brokeris insures the right way!