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Contractors all risk insurance
Construction projects in the UAE involve significant financial investment, strict project timelines, and multiple contractors working on-site. Unexpected incidents such as structural damage, fire, equipment accidents, or third-party injury can cause costly delays and financial loss. Contractors All Risk Insurance helps protect businesses against these risks by providing comprehensive coverage throughout the construction phase. It is often required by project owners, lenders, and contract agreements to ensure adequate protection for the project.
What's Covered Under This Insurance ?
Contract Works Damage
Covers accidental physical loss or damage to the construction project, including buildings and structures under construction.
Construction Materials & Supplies
Protection for materials stored on-site or used in the construction process against damage or loss.
Third-Party Liability
Covers legal liability for injury to third parties or damage to surrounding property caused by construction activities.
Contractor’s Plant & Equipment
Provides coverage for construction machinery, tools, and equipment used on the project site.
Natural Perils Protection
Covers damage caused by events such as storms, flooding, or other natural occurrences affecting the construction site.
Principal existing and surrounding Property
Covers existing surrounding Property belonging to the principal, against damage caused by the contractor's activities.
