Designed to cater for the needs of the Building Sector, this Branch offers a wide range of products, some of which are:
 
Contractors’ All Risks (CAR)

Contractors’ All Risks insurance policy is the perfect cover for all kinds of construction projects such as buildings, roads, bridges, etc.

This policy covers the policyholder against any unforeseen and sudden physical loss or damage from any cause, other than those specifically excluded, to the project's property specified in the policy schedule. In addition, it indemnifies the insured in respect of his legal liability toward third parties for accidental bodily injury and/or Accidental loss of or damage to property belonging to third parties occurring in connection with the construction works.

This policy also, more specifically, covers all losses arising out of faulty material and/or faulty workmanship, and lack of skill and negligence. It is an All Risks Policy that covers hazards such as Fire, Lightning, Explosion, Earthquake, Tsunami, Storm, Tempest, Flood, Inundation, Rain Water, Theft, Burglary and Physical Damage of any sort.

Erection All Risks (EAR)
 
Erection All Risksinsurance policy concerns all kinds of erection projects such as machineries’ erection, and heavy equipment installation process extended to include testing. This policy covers the policyholder against any unforeseen and sudden physical loss or damage from any cause, other than those specifically excluded, to the project's property specified in the policy schedule. In addition, it’s to indemnify the insured in respect of his legal liability toward third parties for accidental bodily injury or illness and / or Accidental loss of or damage to property belonging to third parties occurring in connection with the erection works.

Machinery Breakdown (MB)

Machinery Breakdown insurance policy covers your machineries against any unforeseen and sudden physical loss or damage from causes such as defects in casting and material, faulty design, faults at workshop or in erection, bad workmanship, lack of skill, carelessness, shortage of water in boilers, physical explosion, tearing apart on account of centrifugal force, short circuit, storm, or from any other cause not specifically excluded.

Machinery Breakdown (LOP)

Machinery Breakdown Insurance policyindemnifies the insured against the amount of loss resulting from the interruption or interference of any machinery described in the list of machinery and plant insured in consequence of an accident. The cover provided under this Policy shall be limited to loss of gross profit due to reduction in turnover and increase in cost of working, and the amount payable as indemnity hereunder shall be:

In respect of reduction in turnover: the sum produced by applying the rate of gross profit to the amount by which the turnover during the indemnity period, in consequence of the accident, falls short of the standard turnover.
In respect of increase in cost of working: the additional expenditure incurred to avoid or diminish the importance of the accident and its consequences.

Contractors Plant & Machinery (CP&M)

Contractors Plant & Machinery Insurance policyis the appropriate cover for construction Machinery and any other heavy equipment against any unforeseen and sudden physical loss or damage from any cause not specifically excluded whilst at the location, or in the geographical area mentioned in the schedule.