Contractors All Risk

Is an All Risks cover for construction of projects ranging from simple buildings to complex projects like roads, bridges, and dams. It covers sudden and unforeseen damages and losses arising from any peril (unless specifically excluded in the policy) to the contracts works. It further covers theft/burglary of secured materials on site within agreed limits, and third-party liabilities. The period of cover is normally the project period starting from the mobilization of the resources until when the project is handed over to the principal, including the maintenance period.

Erection All Risk

Covers for erection/installation of machinery. It can be combined with a marine cover such it commences when machinery is shipped, though the erection, testing and commission period. It covers sudden and unforeseen damages to the plant/machinery being installed, insured’s surrounding property, and third-party liabilities.