What is Contractors All Risk Insurance?
This insurance covers loss or damage in respect of contract works, construction plant and equipment and/ or construction machinery, as well as third party claims in respect of property damage or bodily injury arising in connection with the execution of a civil engineering project.
- Construction plant and equipment
- Construction machinery
- Third-party claims in respect of property damage or bodily injury
Below is what we cover:
We provide cover for the value of the materials and property being used on a project. However, where there is an existing property cover for the existing property is excluded and must continue to be insured under its own insurance cover.
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- Water damage
- Construction faults
- Normal wear and tear
- Willful negligence or poor workmanship.
- Non-payment of premiums are considered
- Inability to substantiate the claim
Yes, installments can be made in annual, biannual, or quarterly installments.
No, your policy is not transferable.
A renewal notice will be sent to you before the expiration of the policy.
Yes, you can.