Article 742. Insurance of a construction object.
1. A construction contract may stipulate the obligation of the party to which there is a risk of accidental death or accidental damage to the construction object, material, equipment and other property used in construction, or responsibility for causing harm to other persons during the construction, to insure the corresponding risks. The party responsible for the insurance must provide the other party with evidence of its conclusion of the insurance contract under the conditions stipulated by the construction contract, including information about the insurer, the amount of the sum insured and the insured risks. 2. Insurance does not relieve the relevant party from the obligation to take the necessary measures to prevent the occurrence of the insured event.
Links to other articles of chapter 37. Contract: