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JUTHEAU HUSSON: Construction in Monaco - Handling

Large-scale Projects in a Unique Urban Setting

by Sandrine Dubar & Darasovann Thach
The fast-growing Principality is the scene of many ambitious property projects. Monaco’s surface
area of just 2.02 km² makes construction site management particularly complex. Darasovann
Thach, Director of Property Liability, and Sandrine Dubar, Construction Risks Manager at Jutheau
Husson, tell us about the risks associated with construction in Monaco and the tailored insurance
solutions available.

Construction insurance solutions are essential - Owner's Civil Liability Insurance: This
to protect infrastructures in this unique urban protects the owner against damage caused
setting, where each project must take account to third parties during the construction
of the specific features of the Monegasque phase. It includes damage to neighbouring
territory, both in terms of town planning and properties, injuries to passers-by, or
technical constraints. impacts on surrounding infrastructure.
It also covers legal costs in the event of
Monaco's urban development plan: an disputes.
exceptional and constrained setting • After handover of the works:
Monaco's urban development plan is - Comprehensive, Damage to Works and
characterised by strategic management of an Collective Decennial Liability Policy:
extremely limited space. To meet the growing Although Monegasque law does not require
demand for housing and infrastructure, the ten-year insurance for contractors, this cover
Monegasque government has implemented is essential to protect owners and parties
an ambitious urban development policy. Faced involved in the construction against major
with such a limited space, building solutions building defects that appear after the work
have to take account of the following main has been completed. The Comprehensive
factors: Policy includes biennial cover for minor
- Increasing the height of buildings works as well as ten-year cover in the event
- Close proximity between buildings of damage to the main structure. This
- Work on existing buildings. guarantee covers defects in workmanship
These specific features make the Monegasque and offers peace of mind for a period of
urban development plan a constant challenge ten years.
for construction companies, requiring robust
insurance solutions to manage the high risks Insurance solutions adapted to the challenges
and geographical constraints. of Monaco's urban development plan
Jutheau Husson, Monaco's leading
Construction insurance in Monaco: vital construction insurance broker, offers specific Darasovann Thach, Directrice Entreprises IARD
protection for complex projects solutions tailored to the Principality's particular Director of Property Liability
Construction insurance is crucial to ensure requirements. Faced with geographical adapted to local conditions and the amount
the safety of building sites in Monaco, where constraints and high risks, the firm offers of work involved. Through these partnerships
projects are often complex and large-scale. tailor-made insurance solutions for complex optimum solutions are offered, such as the
It provides cover against various risks, both projects, enabling companies to complete decennial guarantee, which is essential for
during and after the construction phase. The their projects in complete safety. large-scale projects.
main insurance policies to be put in place are • Solutions adapted to Monaco's constraints: • Proactive claims management: In the
as follows: Monaco, with its high density and limited event of a claim, thanks to a dedicated team
• During the construction phase: space, exposes worksites to increased risks, of experts, the firm implements proactive
- Contractor's All-Risk Insurance: This particularly due to the proximity of existing management and comprehensive support
essential policy covers accidents that could infrastructures. to minimise site interruptions and delays.
damage the site such as fires, collapses or • Solid partnerships with specialist insurers: This personalised follow-up guarantees high-
harm caused by bad weather. It can also be The risks associated with construction projects quality technical assistance in resolving any
extended to cover damage to materials and in Monaco involve large amounts of capital in problems that may arise, as well as payment
equipment, as well as financial losses arising a limited area, making it difficult to find new of compensation as quickly as possible,
from site interruptions. It also covers damage insurance capacity. Jutheau Husson works thereby limiting the financial and operational
to existing property and infrastructure. with specialist insurers to offer policies impact on companies.

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