AlliA Insurance Brokers, with its partners Bâloise Luxembourg, CFDP and Trustbuild by SECO, have announced that they are launching an innovative, new and entirely online product for risk analysis and insurance of construction or renovation sites.
"BauHeem" is the result of a partnership between four of the largest players in the field of construction insurance in Luxembourg working together on this all-in-one project.: Trustbuild By SECO, the business-to-consumer (B2C) brand of the SECO Group; two insurers, Bâloise Assurances for contractor’s all-risk and ten-year civil liability insurance and CFDP, a legal expenses insurer for 75 years, for legal protection; and AlliA Insurance Brokers, specialists in construction insurance.
With BauHeem, project owners are, firstly, assisted in the analysis of the risks associated with their project by means of an online template defining the risk in a standardised manner, together with recommendations from Trustbuild. They also cover their construction projects in All Risks Construction insurance and Decennial Liability, to get peace of mind when embarking on such projects. Finally, insured persons benefit from legal protection enabling them to obtain advice and, if necessary, financing for various legal and lawyers’ costs.
Entirely online, BauHeem is an innovative product which fits into the development of Bâloise's digital strategy to simplify clients’ lives. Online subscription also facilitates the work of its distribution networks, making them more efficient and responsive. Bâloise is the first insurer in Luxembourg to have this online approach.
On the dedicated platform, the private individual or developer wishing to insure his / her construction site must answer a series of questions which enable him / her to obtain an insurance rate and subscribe online within minutes. The cost of All Risks construction insurance depends on complex and individual criteria, such as the scope of the work, the type of building, the duration of the work and the value of goods.
The information provided through the online form makes it possible to define the best rate adapted to the concerned site and to receive directly by email the All Risks insurance, Decennial Liability and Legal Protection insurance policies. Once subscription to the policies has been validated, Trustbuild's analysis will enable the risk class of the project to be defined and will determine the excess applicable to the Decennial Liability policy. In addition to online subscription, BauHeem is also able to interact with the leading software in the real estate sector, via its APIs, to further facilitate its integration into the daily life of development professionals.
