Ten-Year Warranty for Foreign Companies
If your company is registered in the European Economic Area, we have ten-year liability insurance solutions to offer you for your activities in France. Activ'Assurances can now provide you with ten-year liability insurance that offers all the ten-year guarantees for your activities in France, combining flexibility and cost-effectiveness.
Ten-Year Liability Insurance for Foreign Companies:
The French government has mandated that owners of public or private works be provided with a guarantee against damage that may appear after the construction and delivery of a building site. This guarantee is valid for ten years. In France, the civil liability of a foreign contractor or construction company is subject to the same obligations. Foreign companies operating in France must comply with the ten-year liability insurance requirements governed by Articles 1792 and 1792-2 of the French Civil Code. The articles of the Spineta law have, since January 4, 1978, established the notion of "presumption of liability for an incompressible period of ten years" for builders and lessors of French works.
Insurance solutions for all European businesses
Thanks to our diverse network of construction insurance partners, Activ'Assurances can provide you with a viable solution for your construction projects in France. However, certain conditions apply to benefit from these guarantees:
- To be a company registered in the European Economic Area
- To be properly insured in your country of origin for civil liability activities in France
- The ten-year liability insurance for foreign companies must be taken out before the start of construction in France.
Based on this, we can offer you:
- A project-by-project contract for your activities in France
- An annual contract with tacit renewal if your activities in France become regular.
What will be the cost of a Ten-Year Liability Insurance for a Foreign Company?
Pricing will depend on several factors: Number of projects to be completed in France? Nature of the risk to be insured? Company turnover in France?
Contact us to learn more. Once your activities become regular in France, companies generally benefit from choosing an automatically renewing annual insurance policy rather than project-by-project insurance. From an economic standpoint, the number of projects completed will naturally increase the cost of project-by-project insurance. The more projects you undertake, the more attractive an annual contract will be.