Contractors All Risks Insurance

All Property Insurances

Contractors All Risks Insurance

Contractors All Risks Insurance is specifically designed for the construction industry, addressing the myriad risks associated with fast-paced and demanding civil construction projects. This comprehensive policy serves as both a safety net and a contractual requirement for building bridges, roads, developments, and dams.

Benefits

Construction Work and Related Perils:

  • Contract price
  • Plant & machinery
  • Plant & equipment
  • Removal of debris
  • Principal’s existing property

Third Party Liability and Related Perils:

  • Bodily injury
  • Property damage
  • Vibration, removal or weakening of support
  • Underground cables

Additional Covers:

  • Strike, riot and civil commotion cover
  • Terrorism cover

Eligibility

  • Policyholder should have an insurable interest in the asset.
  • Must be eligible to sign an insurance agreement as per the legislation framework of Sri Lanka.
  • Insuring property/assets must be within the geographical limits of Sri Lanka.

This policy ensures that contractors can undertake significant construction projects with confidence, knowing they are protected against both physical and liability risks associated with such activities.

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