Whether during the construction phase or during operation, specialized insurance for buildings is the best way to protect your investment, your reputation, and your peace of mind.
Sectors / Infrastructure /
Buildings
Protect your investment and keep your operations secure. Hospitals, offices, shopping centers, and institutional buildings represent multimillion-dollar investments and a high exposure to risks that may affect their operation, structure, and legal liability.
Having specialized insurance and surety bonds is key for owners, developers, and operators to work with confidence and comply with all legal and contractual requirements.
Main risks:
- Fires, explosions, or short circuits that affect operations or the structure.
- Natural phenomena such as earthquakes, hurricanes, or extreme rainfall.
- Damage to third parties due to accidents or structural failures.
- Theft or vandalism of furniture, equipment, or facilities.
- Service interruption or loss of income due to unexpected events.
What risks do building construction and operation projects face in Mexico?
Buildings, whether commercial, residential, or corporate, are exposed to risks such as structural damage from natural phenomena (earthquakes, hurricanes, floods), fires, theft, vandalism, and workplace accidents.
There are also legal risks, such as third-party claims for damage to people or neighboring properties.
What insurance is essential to protect my investment in a building?
To mitigate these risks, the following coverages are recommended:
- Construction or Erection All Risk Insurance during the construction phase.
- Property Damage Insurance for the operational stage.
- General Civil Liability to cover damage to third parties.
- Catastrophic Risk Insurance (earthquake, hurricane, flood).
What type of surety bonds are required in building construction projects?
Depending on whether the contract is public or private, advance payment, performance, latent defects, and labor liability bonds may be required. These ensure that the project is delivered on time and as agreed, and that any subsequent defects are corrected without additional costs for the client.
