This policy cover for Material Damage and Liability during erection and maintenance period for your project works comprising mainly of assembly of prefabricated elements or machines manufactured off-site.
Here is an overview of your coverage
Material Damage Covers unforseen and sudden physical loss or damage from any cause (other than those specifically excluded) to items to be erected
Third Party Liability Covers for Insured’s legal liability to pay damages consequent upon accidental third party bodily injury and/ or property damage in direct connection with the contract works and happening on or in the immediate vicinity of the contract site
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
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.