A “CONTRACTORS ALL RISKS” insurance cover offers protection in the event of destruction or damage to: –
- The contract works
- Contractor’s plant & machinery at the site
- Materials on site
Scope of cover will include fire, burglary, floods, earthquake, unforeseen and accidental damage to the property insured. A limited amount will also be available for removal of any debris from a site after such damage/destruction.
In addition, the policy will extend to cover the contractor’s liability to members of the public (third parties) for death, injuries or damage to their property arising out of the contractor’s negligence.