The Contractor's All Risk cover offers protection against damage or destruction to a Contractor on:-
The Contract Works
The Contractor's Plant & Machinery
Material on Site
The various constructions may include:- Buildings, Roads, Bridges, Dams and any other infrastructure
SCOPE OF COVER
The scope of cover also includes Fire & Perils, Burglary, Floods, Earthquake (commonly known as Acts of God), and unforseen and accidental damage to the property insured
EXTENSIONS AT ADDITIONAL PREMIUS
In addition, the policy extends to cover the Contractor's Liability to members of the Public (commonly known as Third Parties) for death, injuries or damage to their properties arising out of the Contractor's Negligence
A limited amount for removal of debris from site after successful completion of the project is also included
The cover also extends to include maintenance period as defined in the Terms of Contract
OTHER OPTIONAL COVERS AT ADDITIONAL PREMIUM
Breakage of Glass
Storage Risks at Fabricator's Workshop
Cover for surrounding property
Escalation Costs
Express Freight, Holiday and Overtime Rate for wages
Airfreight and additional custom duty
Maintenance Visits and Extended maintenance Cover
REQUIREMENTS
A duly completed proposal form
Insured's ID/Registration and PIN
Provide a copy of the terms of the Contract
Details of the Project
CLAIM PROCESS
Report incidence/claim as soon as the happening
Document the claim by providing the necessary documents i.e; Claim form duly completed, police abstract form, Records of works, etc
FURTHER DETAILS ON CONTRACTOR'S ALL RISK INSURANCE
Please refer to our Policy Wording