Contractors/All Risks Insurance

This policy is specially designed to offer comprehensive protection against loss or damage in respect of contract work, construction plant and equipment and/or construction machinery. In addition the policy may also be extended to provide protection against third party legal liabilities.

Who needs the policy?

• Contractors
• Firms commissioned to carry out the work, including subcontractors
• Project owners
• Parties financing the project

Cover: The perils which will be covered include;

• Fire and Allied Perils
• Flood, Water Damage for Wet Risks
• Collapse
• Faults in erection/ construction
• Human errors, negligence

Cover Exclusion

• War and Nuclear risks
• Willful Act or Willful Negligence of the Insured
• Partial/total cessation of Work
• Defective material or bad workmanship
• Normal wear and tear
• Normal Maintenance
• Loss or damage due to faulty design
• Contractual liabilities
• Consequential losses