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Insurance

Insurance

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Loan

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Credit Evaluation

By protecting members from the risks that can occur on construction sites, we support our customers so that they can save money and perform business efficiently. If a member, who has an insurance contract signed with Construction Guarantee, experiences a predefined accident within the insured period, then Construction Guarantee will compensate them for the damages incurred by the accident according to the provisions in the insurance contract.

Insurance types
Fraternal Insurance types Table
Types Description
Workmens’ compensation insurance Compensates members for accident liability in excess of the liability set forth in the
“Industrial Accident Compensation Insurance Act.”
Contractors’ all risk insurance Compensates members for damaged construction items, 3rd party liabilities,
and the developer’s anticipated interests.
Business liability insurance Compensates members for legal liabilities incurred due to damage to the physical bodies or
property of others.
Overseas Workmens’ compensation insurance Compensates members for damages if a worker experiences an accident
at an overseas site.
Completed construction all risks insurance  Compensates members when an unexpected loss or damage occurs after the completed
project is taken over by the developer.
Personal safety insurance Compensates members for worker deaths, injuries, ransoms caused by war, terrorist acts,
or kidnappings.
Group accident insurance Group accident insurance is group cover taken out by employers to help their employees by paying the deductible agreed amount in the event of accidental injury or death during and outside working hours.

 

Benefits for insured applicants
  • Receives the same benefits as other property insurance companies at more affordable premiums.
  • Returns the operating profits to members by increasing their dividends and equity. 
  • Access to a one-stop service for guarantees, loans, and insurance.
  • Provide quick and accurate compensation that supports stable business management.
  • Construction Bldg, 711, Eonju-ro, Gangnam-gu, Korea
    | TEL 02-3449-8888 | FAX : 02-3449-8903

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