OVERVIEW

The policy offers comprehensive and adequate protection against loss or damage in respect of the contract works, construction plant and machinery, as well as against third party claims in respect of property damage or bodily injury arising in connection with the execution of contracts works.

The policy has two sections.

• Material Damage: Loss of or damage to the property insured including debris removal, dismantling or demolishing, propping and or shoring up following loss or destruction of the subject of indemnity.
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• Third Party Liability: Indemnify against all sums which is insured shall be legally liable to pay as damages and legal costs recoverable by any claimant against; Accidental Bodily injury including death to any person and third-party property Damage.

The most common perils or losses covered under contractors all risk includes but not limited to the following:

1. Fire and lightening
2. Flood, inundation

• Windstorm of any kind,

1. Earthquake
2. Riot, strike and civil commotion
3. Vandalism

• Theft, burglary
• Bad workmanship,

1. lack of skill, negligence, malicious acts or human error
2. landslides, subsidence, rockslides

Examples of objects insurable under Contractors All Risk include.

– Construction of Buildings (Residential buildings, commercial buildings, office, stadiums, halls)

– Civil works including construction of Roads, Bridges, Towers, chimneys, silos etc.