The Contractor's All Risks policy is specially designed to cover engineering projects involving construction of buildings and other civil engineering works. The Contractor's All Risks insurance provides coverage against:
- Material damage to work under construction.
- Damage and loss to contractor's plant, machinery and equipment.
- Damage to Principal's existing property.
- Damage to third party property and/or bodily injury arising in connection with the contract work.
The policy provides coverage for the duration of the construction period and maintenance period.