Section I – Material Damage
Covers sudden and unforeseen physical loss or damage occurring to the contract works, property and items insured during a project.
Project Insurance Guide
Understand your cover before work begins.
Explore the coverage overview, review major exclusions and prepare the details for your enquiry.
Contractors’ All Risks
Overview
Covers the work to be executed in accordance with the contract, temporary works, materials, construction plant and equipment brought into the site and liabilities arising out of the performance of the contract.
Coverage at a glance
Section II – Third Party Liability
Covers the liability of the Insured against any liability in respect of third party bodily injury or property damage arising out of and in the course of the construction works.
Know the limitations
“All risks” does not mean every event is covered. Review the exclusions alongside the coverage.
View major exclusions
- War, civil war and any act of terrorism.
- Radioactive and nuclear energy risks.
- Willful acts or willful negligence.
- Wear and tear.
- Faulty design.
- The cost of replacement, repair or rectification of defective material and/or workmanship.
- Mechanical and/or electrical breakdown or derangement of construction plant and machinery.
- Consequential loss of any kind, including penalties, losses due to delay, lack of performance or loss of contract.
- Seepage, pollution and contamination.
Note: This list is non-exhaustive. Please refer to the Policy Contract for the full list of exclusions.
Workmen’s Compensation
Covers your workers (definition of “workman” in the Workmen’s Compensation Act 1952) against personal injury by accidents or diseases arising out of and in the course of their employment.
Please refer to the Policy Contract for the full product features and benefits.
Performance Bond
Does your Letter of Award require a Performance Bond? Start by confirming the issuer requirements, bond wording, amount and validity dates.