AXA - Contractor's All Risks
Protects the property whilst under construction against fire, liability and other unexpected events. Ensure your construction project and contract work is protected against loss or damage and third party liability.
Key benefits explained
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Material damage coverCovers you against physical loss or damage to your construction works
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Principal existing property cover
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
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Third party liability
Covers you against legal costs and expenses which you may be legally liable to pay as damages due to property damage or accidental bodily injury to third parties
What we do not cover
- Wilful acts or wilful negligence of the insured
- Faulty design
- Consequential loss of any kind
- Loss or damage caused by insufficiency or unsuitability of packing
More information about AXA Contractor’s All Risk Insurance coverage type.
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MSIG Contractor All Risk Insurance
Protect construction works from ground zero until completely built.
Key benefits explained
Provides comprehensive coverage against loss and/or damage to the contract works, construction plant & equipment, as well as the third party liability against property damage and bodily injury of the third party caused by the execution of the works.
Contractor All Risk insurance may be concluded by:
1. The Principal.
2. The contractors engaged in a project, including all subcontractors
Subject matters insured
- Contract Works: all kinds of civil engineering works such as construction of buildings, road,
railway, substructures of bridge, tunnel, dam, floodgate, quay, dock, airport or underground plaza. - Construction Plant and Equipment.
- Construction Machinery.
- Expenses incurred for the clearance of debris following a loss.
- Legal liability arising out of property damage or bodily injury suffered by third parties and occurring in connection with the erection work on or near the erection site
Call us today to see what discount might be eligible for MSIG Contractor’s All Risk Insurance.
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Allianz - Contractor's All Risks Insurance
Contractors’ All Risks Insurance cater mainly to the protection needs of the construction industry. This policy is designed to provide protection against losses or damages in respect of the contract works at contract site and third (3rd) party claims arising in connection with the construction of a project. With additional premium, the cover may include Construction Plant and Equipment, Construction Machinery, Removal of Debris, Professional Fees and Principal’s Existing Property. Duration of cover corresponds with the contract period which is stipulated in the Letter of Award.
