Construction and Erection All Risk insurance
Under Construction and Erection All Risk insurance, we are looking at the specific risks that can happen during the construction or erection process. The coverage is a combination of Property All Risks (PAR) and Liability insurance, specifically designed to answer the specific risks that may arise during this period of time.
It usually includes a comprehensive cover (if not specifically stated) for damage to or physical loss of insured property as a result of accident or natural threats (Material Damage) & your legal liability to third parties’ bodily injury or property damage (Third Party Liability) in direct connection with the performance of the contract work on or in the vicinity of the insured site.
- Employee Benefits
- Property insurances
- Liability insurances