WHAT IS COVERED?
SECTION 1- MATERIAL DAMAGE
This policy is designed to provide protection against loss or damage in respect of the contract works at constriction site, including contraction plant and equipment, contraction machinery, removal of debris professional fees and principal's existing property.
SECTION 2- THIRD PARTY LIABILITY
This policy designed to provide legally liable to pay to third party claims arising in connection with construction of a project
PERIOD OF COVER
The liability of the Insurance Company shall commence, notwithstanding any date to the contrary specified in the Policy Schedule, directly upon commencement of work or after the unloading of the items entered in the Policy Schedule at the site. The Company’s liability expires for parts of the insured contract works taken over or put into service.
At the latest the insurance shall expire on the date specified in the Policy Schedule. Any extensions of the Period of Insurance are subject to the prior written consent of the Company.
STANDARD EXCLUSIONS
· Deductible stated in the policy
· War and Civil War
· Cyber Attack
· Terrorism
· Political Risks
· Information Technology Hazards
· Radioactive Contamination
· Nuclear Energy Risks
· Sanctions Limitation
· Asbestosis
· Infectious Diseases
WHAT IS THE RISK INFORMATION FOR OUR PRICING?
These are some of the important risk information which we need to obtain from you so that we can indicate you a quotation or premium charge: