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. 

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.

Your premium may vary, depending on

• Risk exposure
• Our underwriting requirements

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.