Contractors' All Risks Insurance/Erection All Risks Insurance

    These two policies are designed to meet the insurance obligation placed upon contractors under the contract conditions:

    Contractor's All Risks Insurance
    This policy covers the building and civil engineering works under construction.

    Erection All Risks Insurance
    This policy covers plants, machinery, equipment, and steel structures like bridges in the course of erection.
     
    Key Coverage   Key Coverage
     
    Section I - Material Damage
    This section of the insurance covers the contract works of the insured against any sudden and unforeseen physical loss or damage from fire, lightning, collapse, collision, impact, malicious damage, theft/burglary, flood, windstorm, subsidence & landslide, and any other causes unless specifically excluded.

    Section II - Third Party Liability
    This section of the insurance covers the liability of the insured against any liability in respect of third party bodily injury or property damage arising out and in the course of the construction works upon:
    • Accident bodily injury or illness to third parties.
    • Accidental loss of or damage to property belonging to third parties.
    Occurring in direct connection with the construction works and happening on or in the immediate vicinity of the site during the period of insurance.

    Section III - Principal Existing Property
    This section protects you against loss or damage to property located on or surrounding the site belonging to or held in care, custody, or control by you.
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