Contractors' All Risks/Erection All Risks

Product information

The benefit(s) payable under eligible policy is protected by PIDM up to limits. Please refer to PIDM’s TIPS Brochure or contact TMIM or PIDM (visit www.pidm.gov.my).

Why Contractors' All Risks / Erection All Risks?

Benefits at a glance.

These 2 policies are designed to meet the insurance obligation placed upon Contractors under the contract conditions.

Contractors’ All Risks
Covers buildings and civil engineering work under construction.

Erection All Risks
Covers plants, machinery, equipment, and steel structures such as bridges in the course of erection.

Key coverage

Here is an overview of your coverage

Coverage

Material damage
Covers against sudden and unforeseen physical loss or damage to contract or erection works/property/items.  

Third-party liability
Covers third party liability for which we shall become legally liable to pay as damages consequent upon:

Accidental bodily injury or illness of a third party,
Accidental loss or damage to property belonging to a third party.

occurring in direct connection with the works and happening at or in the immediate vicinity of the site.

The indemnity is also provided for legal costs and expenses provided the liability is within the limit of the liability insured.

How much is my premium?

Your premium may vary, depending on

Risk exposure
Our underwriting requirements

More product
information

Contractors' All Risks Fact Sheet (English)

PDF, 389.17 KB

Contractors' All Risks Fact Sheet (BM)

PDF, 391.02 KB

Erection All Risks Fact Sheet (English)

PDF, 387.72 KB

Erection All Risks Fact Sheet (BM)

PDF, 389.96 KB

Contractor's All Risks Proposal Form

PDF, 199.58 KB

Erection All Risks insurance Proposal Form

PDF, 211.29 KB

What we
don’t cover

Contractors’ All Risks

✖War, civil war and any act of terrorism.

✖Radioactive and nuclear energy risks

✖Wilful acts or wilful negligence.

✖Wear and tear.

✖Faulty design.

✖Cost of replacement, repair or rectification of defective material and/or workmanship.

✖Mechanical and/or electrical breakdown or derangement of construction plant and machinery.

✖Consequential loss of any kind.

✖Seepage, pollution and contamination.

Erection All Risks

✖War, civil war and any act of terrorism.

✖Radioactive and nuclear energy risks.

✖Wilful acts or wilful negligence.

✖Wear and tear.

✖Faulty design, defective material or casting and/or bad workmanship.

✖Mechanical and/or electrical breakdown or derangement of construction plant and machinery.

✖Consequential loss of any kind, including penalties, losses due to delay, lack of performance, loss of contract.

✖Seepage, pollution and contamination.

Note:
This list is non-exhaustive. Please refer to the sample policy contract for the full list of exclusions under the respective policy.

Important Information

This plan is underwritten by Tokio Marine Insurans (Malaysia) Berhad. All benefits and features mentioned herein are subject to terms and conditions of the policy. You must refer to the policy contract for the precise terms and conditions of this insurance plan. The information is for reference only and is accurate as at 22 June 2012.

Note: You should satisfy yourself that this policy will best serve your needs. You should read and understand the insurance policy and at all times, feel free to contact us for more information.