Contractors All Risks Insurance is specially designed to insure civil works, where a major portion of the work does not relate to the erection or installation of any plant or machinery.
covers any sudden and unforeseen physical loss or damage to the contract works.
covers legal liabilities resulting from any third-party bodily injury or third-party property damage caused by an
accident at the contract site. Contractors’ all risks insurance coverage can be extended to include construction plant and equipment, temporary buildings, maintenance period, offsite storage, inland transportation related to the project, etc.
Contractors all risk insurance cost depends on several factors including contract value, contract period, and contract scope of work.
Name of the Principal / Owner of the Project.
Name of the Main Contractor & Sub Contractor’s if any.
Contract Value (an estimate would be sufficient if tendering).
Contract Period with the project start date.
Scope of Works and location of work-site.
Limit of Engineering Indemnity required for Third-Party Liability insurance.
copy of the insurance condition of the contract, if available.
For large projects (normally over USD 25 million) a detailed Execution Plan/Method Statement, Time Schedule (Bar Chart), Site Report, Plans & Drawings, etc. are required along with the above information.
Annual Contractor All Risk Insurance is designed to automatically cover all small civil engineering/maintenance contracts up to QAR 5 million in any one contract. The coverage offered is all risk.
To Get Annual CONTRACTORS ALL RISKS INSURANCE Quotation Please send us the following:
Total value of all contracts whose individual contract value is below QR 5 million per contract.
Electronic Equipment insurance policy is specifically designed for electronic equipment and offers cover similar to the Contractor Plant and Machinery Insurance. However, this insurance has two additional sections:
Under section 2 which includes cover for expenses related to re-construction of information on data media following a loss covered under Section 1
Under section 3 which includes cover for additional expenditure for use of substitute equipment following a loss covered under Section 1
To Get Annual CONTRACTORS ALL RISKS INSURANCE Quotation Please send us the following:
information on External Data Media and Limit of Indemnity required with respect to cover for re-construction of data and for coverage under Section 3.
Machinery Breakdown Insurance provides effective insurance cover for plant, machinery, and mechanical equipment at work, at rest, or during maintenance operations. It covers unforeseen and sudden physical loss of or damage to the insured items, necessitating their repair or replacement.
There are several examples where Erection All Risk Insurance is typically used such as; manufacturing facilities, power plants, water treatment facilities, and telecommunications projects. Erection All Risk Insurance is usually combined with Contractors All Risks Insurance for major projects.
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
Electrical causes such as short circuit
The sum insured should always be equal to the costs of replacement of the insured machinery by new machinery of the same kind at the same place (value of the new item plus customs duties plus transportation and installation charges).
Note: This insurance requires your plant and equipment to be valued at “new replacement value” to avoid under-insurance.
