Contractor All Risk Insurance

Contractor All Risk Insurance 

Whether you are planning to decorate your home, prepare for renovations for office buildings or shops, or build a bridge to get up, during construction, renovation or renovation, you may often encounter accidents that may result in the loss of engineering materials and equipment. , Or even negligence caused legal liability to third parties. If you are a contractor, you also need to arrange employee compensation insurance for the decoration workers hired by the contractor. A comprehensive project insurance allows you and the contractor to get appropriate protection together.

Scope of cover:

Section 1 - Material Damage

Section 2 - Liability to Third Party

Section 3 - Employees' Compensation

Single Project Professional Indemnity Insurance 

Project professional liability insurance is becoming an increasingly popular risk management technique and is used by owners, developers and contractors. SPPI is mainly aimed at large-scale construction projects, which can control the scope of insurable risks, thereby reducing costs. One of its main benefits is that it gives the project owner / employer / developer complete control of the project ’s insurance and guarantees to cover the various interests, responsibilities and risks of all parties involved in the project. For major contractors and subcontractors engaged in specific projects, SPPI can consolidate insurance coverage into a single policy negotiated, purchased and managed by a single sponsor.