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1. Contractors All Risks


Contractors All Risks Insurance is usually bought by contractors for contract works related mainly to the construction of buildings, roads and bridges. The policy covers the main contractor, sub contractors and all related parties for their respective rights and interests.


What it offers:



The policy indemnifies insured parties against loss or damage to contract works on site. In addition, it also covers:


  • Covers third party liability of insured
  • Insured Party/Parties
  • The Owner of Building/Project
  • Main Contractor
  • Sub-Contractor

Under property Insured


- Work to be performed under the contract

- Provisional Installations (Barracks, Warehouse, Site Offices etc)

- Plant Machinery/Equipment

- Removal of Debris

- Professional Fees


Some examples of perils that are included in the coverage are:


  •       Fire, Lightning, Water Damage, Flood, Storm & Tempest Subsidence, Landslip, Cyclone, Hurricane, Earthquake, Volcano
  •       Burglary & Theft
  •            Explosion
  •       Miscellaneous Impact & Aircraft Damage
  •       Accidental Damage, Negligence, Collapse, Collision, Consequences Of Defective Materials, Casting &  Defective Workmanship


Some notable exclusions are:


  • All excesses stated in schedule
  • Consequential loss
  • Willful act/willful negligence of any official of the insured
  • Corrosion (Consequences of it covered)
  • Non-Observance of trade rules
  • War risks
  • Faulty design


Some common deductibles are:


  •       Excess which will influence the premium i.e. to prevent small claims
  •       Extensions
  •             Riot, strike and malicious damage
  •       Land Transit
  •      Cross Liability
  •      Extended Maintenance et. al




2. Erection All Risks


The Erection All Risks policy or EAR is an engineering class of insurance that  provides protection against risks involved in the erection of plants, machinery and steel structures of any kind (e.g. scaffolding or air-conditioning). It also affords protection from 3rd party claims in respect of damaged property or bodily injury arising from the erection works.


What it offers:


Coverage against losses, damages or third party liability arising from the erection work and they include:



  •     Fire, lightning and explosion
  •     Flood and storms
  •     Theft and burglary
  •     Lack of skill, carelessness, malicious damage, incorrect supervision and erection errors
  •     Landslide and other acts of nature





3. Boiler & Pressure Vessel


Boilers and Pressure Plants store tremendous amounts of energy and may explode e.g. as a result of the built up pressure of flue gases If an explosion, or implosion for that matter was to occur, the boiler will suffer damage, in addition to property and/or other equipment nearby.



Traditionally, Boilers are covered under the Boiler & Pressure vessel policy but it can also be covered under the Machine Breakdown Insurance policy. Some examples of industries that usually require coverage would be power stations, palm oil mills, refineries and other wood based factories.

What it offers:


A Boiler & Pressure vessel policy will provide protection against:



  •        Damage to the physical boiler
  •        Damage to surrounding property belonging to you (for example, machinery and building)
  •       Third party liability from sustained injuries or fatalities sustained by any non-employee
  •      Third party liability to damages to property belonging to third parties not in your custody or control




4. Storage Tanks 


Since storage tanks are used to store either raw materials or the finished product, and if they are damaged, businesses my not only suffer from the physical loss of the tank but may very well lose their contents as well.


 What it offers:


  •      Damage to the tank 
  •      Loss of contents 
  •      Surrounding property damage (3rd party liability is excluded)
  •      Cleaning-up costs