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Construction All Risks/ Compulsory Construction All Risks
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Engineering
Construction All Risks/ Compulsory Construction All Risks
Construction All Risks/ Compulsory Construction All Risks
Interest Insured
Materials, Supplies, Temporary Buildings, Tools, Machinery, Plant and Equipment, Removal of Debris, Transit, Professional Fees, Expediting Expenses, Pre-existing Structures to be incoperated into the works or used in the construction.
Who Needs To Buy
Construction projects such as:
Civil Construction Works (dwelling house, works for public..)
Industrial Construction Works (works for building materials manufacturing, metallurgy and mechanical engineering works, works for chemical industry…)
Technical infrastructure construction work (works serving water supply , drainage works...)
Transport construction works (road, railway, bridge...)
Scope Of Cover/ Insured Perils
Providing financial security for all parties involved in project
Covering any accidental loss or damage at the construction site from any cause not exempted.
Third party claims in respect to property damage or bodily injury arising in connection with the execution of a construction project are covered under the liability section.
Rating
Depended on the Insured's:
The location of the project and its geography
Contract details and values
Contractor and Contractor's experience
The work and the site
The construction plant
The claim history of all parties
All parties to be insured
* For compulsory policies, comply with Law (coverage, ratting tariff, deductible...)
Requested Document
Proposal Form/ Application Form
Project Schedule / Bar Chart
Geological Survey Report
Project Description
Contract Value Breakdown
Major Equipment Detail
Description of the process and/or Technology)
Plans, diagrams, etc. (blue print)
Information in interested parties (project owner, main contractor, Financial Institution, manufacturer of main equipment, etc.)