
Construction All Risk Insurance
Construction insurance provides protection against sudden and unforeseen damages that may occur during the course of a project. This policy covers losses on the construction site caused by risks that could not have been anticipated in advance.
Coverage Includes:
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Physical damage occurring during the construction process
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Fire, lightning, explosion
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Natural disasters such as storms, floods, and landslides
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Damages caused by faulty workmanship or material defects
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Damages to third parties (with optional coverage)
Exclusions from Coverage:
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War, riots, acts of terrorism
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Wear and tear, rust, material aging
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Nuclear risks
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Project delays or loss of profit
Contractors' All Risk Insurance ensures the safe progress of your project and reduces the financial burden of unexpected damages.