This insurance protects customers from loss or damage to their construction and erection works, which starts from the commencement date and last until the completion of the project plus a period of maintenance.

1. The Insured:

Investor, contractors, suppliers, sub-contractors, consultant,

2. Insured Subjects:

-    Residential buildings, apartments, hotels, shools, hospitals
-    Multi Storey, Hall Buildings
-    Industrial buildings
-    Irrigation Works such as Diversion channel, Dams, Embankment, Water Reservoir
-    Civil engineering works: bridges, roads, piers, Earthworks, Railways, Airport
-    Cement Factories, Hydro Power Plants, thermal power plants
-    Other Construction & Erection Works.

3. Insurance coverage:

This insurance covers all risks except risks excluded under wording. The Insured will be indemnified for loss or damage to the construction/erection by an unforeseen and sudden cause other than those excluded occuring during the insurance period.

Coverage: divided into 02 Sections

Section I: Material Damage

Insurance against unforeseen and sudden physical loss or damage to Insured Items at construction/erection site happenning during the insurance period by the following causes:
-    Fire, Lightning, Explosion, Aircraft,
-    Flood, Inundation, Tsunami, storm, typhoon, earthquake
-    Theft
-    Poor workmanship, lack of experience, negligence
-    By any cause other than those specifically excluded in this Policy.

Section II: Third Party Liability

Insurance against civil liability legally arising by the Insured to the loss or damage or bodily injury, which the Insured is responsible to the third party, directly relating to the insured project happening during the insurance period.

4. Note:

-    For details, please contact hotline 1465,
-    Kindly refer insurance coverage following LVI’s Contractor’s/Erection All Risks insurance wording (approved by Ministry of Finance of Lao PDR)

5. How to buy LVI's Insurance:

  - Buy via mobile application: BCEL One, U-Money, LVB DigiBank

  - Call hotline 1465 or Capital 020 23344666, Northern 030 5552205, Southern 020 98717666

  - LVI's offices and agents nationwide

  - LVI's partners: branches nationwide of  BCEL, APB, ACLEDA, LaoVietBank, IndoChinaBank