Assumption of coverage convenes for a period of 10 years following the acceptance of work, the expense of repairing damages affecting the solidity of the work or rendering it unfit for its purpose.
Purpose of Policy
The purpose of the Decennial and Civil Liability policy is to cover for a period of 10 years following the acceptance of work, the expense of repairing damages affecting the solidity of the work or rendering it unfit for its purpose.
It meets the obligation of insurance liability which weighs on the builders, in accordance with the law n ° 78.12 of January 4th, 1978 known as "SPINETTA" law.
The decennial insurance policy allows the builders to cover their risk and responsibility vis-à-vis the owner and the successive owners.
Who requires Decennial coverage?
Decennial liability insurance concerns all parties working on buildings in French territory:
- Tradesmen / Craftsmen.
- Construction companies and those involved in the construction.
- Contractors and Subcontractors
- Architects, Demolition teams, Plumbers, Electricians, etc.
Why enroll ?
Enrolling in a Decennial liability insurance policy is mandatory in order to establish a construction site with the exception of the terms defined in article L243-1-1 in the Code of Liability.
Timing of enrollment?
Proof of enrollment in a Decennial and Civil Liability Insurance policy is required prior to opening a construction site and thus initiating work by any party including the construction company and any subcontractors.
Scope of the Policy:
The mandatory liability insurance provides coverage for a period of ten years, including any hardship which undermines the solidity of the work, rendering it unfit for its purpose, affecting the stability of the elements of equipment forming part of the viability, foundation, framing, fencing and roofing structures.
- Guarantee of properly functioning (Article 1792-3 of the Civil Code).
- Guarantee of consequential non-property damage.
- Guarantee of property damage to existing ones.
- Guarantee of intermediate property damage.