Contractors/All Risks Insurance

Teacher
Category:
Business Insurance/ Engineering Insurance/
CAR6

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

Product Categories

  • SPIS
  • Home Insurance
  • Personal Insurance
  • Business Insurance
  • Engineering Insurance
  • Special Risk Insurance
  • Compulsory Insurance

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