Contractors General Insurance

Contractors “All Risks” Third Party Liability Insurance

Contractors “All Risks” Third Party Liability Insurance covers the insured up to a limit stated in the policy if legally liable to pay such damages as below.

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Third Parties Accidental Bodily Injury or Death

Accidental Bodily Injury or Death of Third Parties.

Third Party Property Accidental Loss or Damage

Accidental loss of or damage to property belonging to third parties occurring in direct connection with the construction of projects and happening on or the immediate vicinity of the site during the period of cover.

Third Party Property Accidental Loss or Damage

Accidental loss of or damage to property belonging to third parties occurring in direct connection with the construction of projects and happening on or the immediate vicinity of the site during the period of cover.

Contractors Workers Compensation

It is a statutory obligation for every employer (not contractors only) to take out insurance for compensation to his employees for death and/or permanent incapacity from accident sustained whilst at work.

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Maximum Pay Out

Maximum pay out is 60 months/5 years earnings for each employee for both Death and Permanent Disability.

Also Covers Limited Medical Insurance

The cover is also extended to include medical up to a limit.

Contractors “All Risks” Material Damage

Contractors “All Risks” Material Damage covers any unforeseen and sudden physical loss or damage from any cause to the property insured, other than those specifically excluded in a manner necessitating repair or replacement up to the limit stated in the policy. Items normally covered include contract works, materials on site, plant and machinery, equipment also includes professional fees.

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Contract Works

Covers contract works.

Materials on Site

Covers Materials on site.

Plant and Machinery

Covers plant and machinery.

Equipment

Covers equipment.