Copyright 2020 Life Star Risk Management

Contractor's All Risk Insurance / Erection All Risks Insurance

Any unforeseen incidents can happen in the construction industry. The Contractor's All Risks Insurance provides an all risks cover during the construction period for contract works against loss or damage to property, third party liability for accidental bodily injury or property damage in connection with performance of the contract.

This policy is designed to help developers, principals and contractors to better manage their construction risk and exposures.
 
 
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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.
 
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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.
Copyright 2020 Life Star Risk Management