What is Contractors’ All Risks & Erection All Risks insurance?

These 2 policies are designed to meet the insurance obligation placed upon Contractors under the contract conditions.

  • Contractors’ All Risks
    Covers buildings and civil engineering works under construction
  • Erection All Risks
    Covers plants, machinery, equipment and steel structures like bridges in the course of erection

Key coverage

Here is an overview of your coverage

Contractors' All Risks / Erection All Risks

Contractors' All Risks / Erection All Risks

  • Material Damage
    Covers against sudden and unforeseen physical loss or damage to contract or erection works/property/items  
  • Third Party Liability
    Covers third party liability for which we shall become legally liable to pay as damages consequent upon
    • Accidental bodily injury or illness of third party
    • Accidental loss or damage to property belonging to third party
      Occurring in direct connection with the works and happening at or in the immediate vicinity of the site.
      The indemnity is also provided for legal costs and expenses provided the liability is within the limit of liability insured.

How much is my premium?

Your premium may vary, depending on

  • Risk exposure
  • Our underwriting requirements

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What we don’t cover

Contractors’ All Risks

  • War, civil war and any act of terrorism
  • Radioactive and nuclear energy risks
  • Willful acts or willful negligence
  • Wear and tear
  • Faulty design
  • Cost of replacement, repair or rectification of defective material and/or workmanship
  • Mechanical and/or electrical breakdown or derangement of construction plant and machinery
  • Consequential loss of any kind
  • Seepage, pollution and contamination


Erection All Risks

  • War, civil war and any act of terrorism
  • Radioactive and nuclear energy risks
  • Willful acts or willful negligence
  • Wear and tear
  • Faulty design, defective material or casting and/or bad workmanship
  • Mechanical and/or electrical breakdown or derangement of construction plant and machinery
  • Consequential loss of any kind, including penalties, losses due to delay, lack of performance, loss of contract
  • Seepage, pollution and contamination
Note:
This list is non-exhaustive. Please refer to the sample policy contract for the full list of exclusions under the respective policy.
Important information

This plan is underwritten by Tokio Marine Insurans (Malaysia) Berhad. All benefits and features mentioned herein are subject to terms and conditions of the policy. You must refer to the policy contract for the precise terms and conditions of this insurance plan. The information is for reference only and is accurate as at 22 June 2012.

Note: You should satisfy yourself that this policy will best serve your needs. You should read and understand the insurance policy and at all times, feel free to contact us for more information.