Contractor’s All Risks Insurance – My Insure Link Sdn Bhd

Contractor's All Risks Insurance

Engineering Insurance

Product Overview

Unforeseen incidents can occur in the construction industry. The Contractor’s All Risks Insurance offers comprehensive coverage during the construction period for contract works, protecting against loss or damage to property and third-party liability for accidental bodily injury or property damage related to the contract’s performance.

This policy is intended to assist developers, principals, and contractors in managing their construction risks and exposures more effectively.

Key Coverage

This policy offers coverage
for the following basic perils

Section I - Material Damage

This section of the insurance covers the contract works of the insured against any sudden and unforeseen physical loss or damage from fire, lightning, collapse, collision, impact, malicious damage, theft/burglary, flood, windstorm, subsidence & landslide and any other causes unless specifically excluded.

Section II - Third Party Liability

This section of the insurance covers the liability of the insured against any liability in respect of third party bodily injury or property damage arising out and in the course of the construction works upon; • Accidental bodily injury or illness to third parties • Accidental loss of or damage to property belonging to third parties Occurring in direct connection with the construction works and happening on or in the immediate vicinity of the site during the period of insurance.