Contractor’s All Risk
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Contractor’s All Risk
Contractor’s All Risk Insurance is a comprehensive and adequate protection against loss or damage with regards to contract works, construction plant and construction equipment or machinery. This also covers the third-party claims in respect to the property damage or bodily injury.
Benefits Of Contractor’s All Risk
- Material Damage – Any loss, damage or destruction of property incurred due to any cause other than those excluded in the policy are covered.
- Third-party Liability – This cover
- Legal liability related to accidental damage or loss caused to the property of third-person
- Legal liability for non-fatal and fatal injuries caused to third-person due to construction of the property
- Perils that are covered under contractors all risk policies
- Fire and allied perils
- Collapse
- Earthquake, shock and fire
- Faults in construction
- Storm, flood, cyclone, tempest
- Negligence and human errors
- Water damage
