insurance.  Ten-year occupational insurance: What you need to know

insurance. Ten-year occupational insurance: What you need to know

Ten-year insurance is mandatory when carrying out construction, expansion and renovation works. Its purpose: to protect the insured from damages or claims that may occur.

What is the ten-year insurance?

Since the creation of the Spinetta Act in 1978, all professionals in the construction sector have been required to sign up for a ten-year civil liability contract. At the start of any construction site, he must prove that he has taken out an insurance contract covering him for this liability. Any candidate for a building renovation contract must be able to prove that they have taken out an insurance contract that covers them for this liability. (Excerpt from Article L241-1)

The ten-year insurance covers repairs of damage and poor workmanship that occur after the work has been handed over. Likewise, it allows to compensate the client, without waiting for a court decision. It shall take effect from the signing of the contradictory deed, over a period of 10 years.

What are the professions covered by decimal insurance?

Ten-year occupational insurance covers all French and foreign companies involved in construction or renovation, for example. These may be architects, carpenters, masons, roofers, painters, plumbers, tilers, masons, or companies specializing in waterproofing.

What does it support?

Ten-year insurance covers all damages and defects in the construction of structural works, in other words everything that can harm the solidity and stability of the building as well as the safety of the residents.

And so, according to the law Any builder of a structure is automatically liable, to the owner or purchaser of the structure, for damage, even caused by a defect in the ground, impairing the solidity of the structure or affecting one of its constituent elements or in their unsuitability for their intended purpose.

Therefore, the warranty covers physical damage such as lack of sealing, lack of sound insulation, cracks, subsidence of the floor, problem with the sewage network, etc. When do you open a professional insurance contract for a period of ten years?

The subscription is made with the insurance company at the time of registration of the company or at most 15 days before the start of construction work. Any builder who fails to comply with the obligation is liable to severe criminal penalties. Therefore, the law provides for a fine of 75,000 euros and imprisonment for up to 6 months. The company will also bear the compensation for the damage caused.

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