Construction insurance provides comprehensive coverage for construction companies and contractors, protecting against risks unique to the construction industry, such as accidents, property damage, and project delays.
Cover Details
Contractor’s All-Risk: Covers physical loss or damage to construction projects, including materials, equipment, and temporary structures.
Public Liability: Protects against claims for bodily injury or property damage caused to third parties during construction activities.
Delay in Completion: Covers financial losses due to delays in project completion caused by covered perils.
Cover Options
Contractor’s All-Risk: Covers physical loss or damage to construction projects, including materials, equipment, and temporary structures.
Public Liability: Protects against claims for bodily injury or property damage caused to third parties during construction activities.
Delay in Completion: Covers financial losses due to delays in project completion caused by covered perils.
Frequently Asked
Construction insurance can cover residential, commercial, industrial, and civil engineering projects, including renovations and new constructions.
Builder’s risk insurance is a type of construction insurance that specifically covers buildings or structures under construction or renovation for risks like fire, theft, and vandalism.
Delays due to adverse weather conditions, supply chain disruptions, labour strikes, or unexpected changes in project scope are typically covered under delay in completion insurance.
