This policy covers for Material Damage and Liability during construction and maintenance period for your project such as building and civil engineering works.
Here is an overview of your coverage
Contractors’ All Risks (CAR)
Covers any unforseen and sudden physical loss or damage from any cause (other than those specifically excluded) to contract works or construction plant, equipment and/or machinery (unless separately insured).
Third Party Liability Covers Insured’s legal liability to pay damages consequent upon accidental third party bodily injury and/ or property damage, which is in direct connection with the contract works and happening on or in the immediate vicinity of the contract site.
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
Pollution and contamination
This list is non-exhaustive. Please refer to the sample policy contract for the full list of exclusions under the respective
This insurance is underwritten by Tokio Marine Insurance Singapore Ltd. All benefits and features mentioned here are subject to the terms and conditions of the policy. Please refer to the policy contract for the precise terms and conditions of this insurance plan. The information shown here is for reference only.