Civil Engineering Completed Risks Insurance (CECR)

Some completed civil engineering structures are only exposed to a negligible fire hazard, and therefore a typical fire policy would be inappropriate. However, these structures can still be exposed to elemental perils, geological conditions, or hazards from operation and use of the structure.
It is a named peril policy, issued on an annually renewable basis and is for material damage only. Following a loss or damage, the policy indemnifies to repair/reinstate the structure to the condition prior to the loss event. The main exclusions are: political risks; nuclear reactions, nuclear radiation or radioactive contamination; wilful act or wilful negligence; wear and tear, inherent defects; lack of maintenance and consequential loss.
Main hazards
The perils covered are:
- Impact of aircraft and other aerial devices or articles 
  dropped therefrom
- Earthquake, volcanism, tsunami
- Storm (air movements stronger than grade 8 on the Beaufort

- Flood, inundation, wave action, water, subsidence, landslide,

  rockslide or any other earth movement
- Frost, avalanche, ice
- Vandalism by individuals


CGIB (PTY) Ltd is an Authorised Financial Services Provider (FSP No. 45121)
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