Tiếng Việt
Civil Engineering Completed Risks (CECR) Insurance
Safeguard long-life civil assets after handover. CECR covers sudden, unforeseen physical loss or damage to completed infrastructure—bridges, roads, tunnels, dams, ports, canals, rail, embankments—so service interruptions and repair costs don’t overwhelm operating budgets. It complements CAR/EAR, which protect the build phase.
Target clients
- Asset owners and operators.
- Concessionaires/PPPs.
- Government agencies.
- Utilities, transport authorities.
- lenders and investors.
Core protections
- “All risks” physical damage to the insured structure and appurtenant works (retaining walls, culverts, drainage, signage).
- Natural catastrophe perils such as storm/typhoon, flood, earthquake, landslip/subsidence, and impact (vehicle/vessel).
- Fire/explosion, accidental collapse, and malicious damage (as per policy).
- Debris removal and professional fees to reinstate.
Add-on protections
- Loss of revenue/business interruption (e.g., toll income), terrorism, scour/erosion and underground services, increased cost of reinstatement to updated codes, defect clauses (e.g., LEG/DE where available), public liability during operation, lender’s clause/additional insureds, and higher NATCAT sub-limits.
Results you can expect
- Preserve asset value and lender security.
- Faster reinstatement and budget protection after major events.
- Meet concession/PPP and financing covenants.
- Maintain service continuity and public confidence.
Vietnam Legal Requirements
CECR is not universally compulsory. However, it is frequently required by lenders, concession agreements, or regulators for critical infrastructure. We can confirm the exact obligations for your project type.
