Construction Insurance -Contract works insurance / contractors’ all risks insurance
This policy is suitable if your company is involved with construction and has a turnover of US$1 million, or more. It includes up to 12 months’ restricted cover following handover during the maintenance or defects liability period. It also covers completed properties awaiting sale for up to three months following completion.
This policy protects a contractor against physical loss or damage to the contract works, construction plant and equipment or machinery. It also includes cover for damage to property of third parties and bodily damage to third parties. Cover can be extended to include advance loss of profits to offset loss of profits sustained due to contract works being delayed as a result of a loss insured under the terms of the Contractors all risks policy.
We can offer capacity up to US$75 million (maximum possible loss).
