Contractors' All Risks Insurance is the best option for contractors undertaking lots of projects. This pre-packaged policy limits your business riskas a contractor in the event of accidents caused at your construction sites. Save money and get adequate protection and maximum benefits.Our experienced consultants help you to get a competitive quote and offer good service. Rest assured that all parties involved on your works are insured.We cover loss due to fire, lightning, aircraft crash, flooding, theft, wind-storm, malicious acts and human errors.
Main Benefitsicon-check-circleCoverage on material damage aspectsincluding buildings and infrastructure destroyed in your projects.
icon-check-circleExtended cover to third partieswho may die or get injured while working on your construction projects. This includes damage to their properties as well.
icon-check-circleCoverage to physical loss incurred due to accidentsoccurring at the construction scene.
icon-check-circleReimbursement of all costsincurred to do repairs, reinstatements and replacements of damaged property. Medical bills incurred by any of your parties whilst working on your contracts are also claimable.
icon-check-circleWhere repairs are done immediately to mitigate further loss, we offer compensation to you or third parties a monetary value equivalent to payments made for the repairs.Additional Benefitsicon-check-circle Extended coverage to your materials and mobile equipments.
icon-check-circleInsurance to existing structures.
icon-check-circleCover to fabricationsdone on any of your projects.
icon-check-circleInsurance to cover the clearance of debris after an accident on your construction sites.
icon-check-circleCustomized plans to cover complex contracts. We offer 2 types of plans; specific (depends on each contract) and annual (covers all works undertaken within a 12-month period). It is administratively logical to take an annual coverage to avoid paying addition premiums to cover your small projects.
In most cases, the contractors' all risks premium does not cover the following:
Deductibles borne by you
Losses due to delays
Lack of performance
Loss of contracts and damages due to faulty designs.
Losses due to defective materials and poor workmanship are also not covered.
However, you can pay additional premiums to have all these exclusions covered in your policy.
Some aspects e.g. tear and wear, corrosion, oxidation, mechanical breakdown, deterioration and loss to vehicles are not insurable whatsoever.
icon-editReport the matter to us immediately so that our experts are aware of the accident details. In the event of injuries caused, contact the police immediately.icon-envelopeNext, send a claim form to us together with all necessary information to ascertain the risk. In case of straight forward claims such as theft, we will pay within the shortest time possible. Some complex claims such as repair may require a loss adjuster to prepare a report to ascertain the costs to be involved.icon-paperclipIt is advisable to accompany all your claims with the necessary documents where possible including:
Value of the property damaged before the incident.
The exact cause of damage and whether it is covered by your policy.
Cost of repairs backed up by invoices, receipts or quotations.
Report of extensive delays caused by an accident.
Estimated loss due to the interruption of the incident to any business
icon-phone-squareRemember that our support staff is a phone call away if you need some clarification on the claims procedure.
icon-question-circleWILL MY POLICY COVER DAMAGE TO TEMPORARY WORKS?icon-comments-o Yes, our plans limit your liability to damages caused on permanent and temporary contracts provided the accidents happen on any of your insured’s construction projects.
icon-question-circleCAN I EXTEND MY PREMIUMS TO GET MORE BENEFITS?icon-comments-o Yes, depending on your needs, our Contractor All Risks Insurance package is customisable. We can tailor the plan according to your needs to include additional benefits such as professional fees.
Make a choice and talk to our dedicated staff immediately. No paper work is required on your side while getting your application. You can send your information via email, fax and scans. We assist you to get fastest claims since we have been in the insurance industry over the years. We offer commendable service to hundreds of loyal clients who have enjoyed our excellent services.
Hire us to get the most affordable prepackaged Contractor All Risks Insurance plans. We will give you the best 3 quotes obtained from the most reputable insurance companies across Singapore. We work with experts from the following prestigious insurance companies such as: icon-star AVIVA Ltd icon-starAXA Insurance Singapore Pte Ltd icon-starAIG Asia Pacific Insurance Pte Ltd icon-starChina Taiping Insurance (Singapore) Pte Ltd icon-starEQ Insurance Company Ltd icon-starLiberty Insurance Pte Ltd icon-starMSIG Insurance (Singapore) Pte Ltd icon-starNTUC Income icon-starOverseas Assurance Corporation (OAC) icon-starQBE Insurance (International) Limited icon-starRSA – Royal & Sun Alliance Insurance Plc icon-starTokio Marine Insurance Singapore Ltd.Our amiable support team will review your profile without any obligation to you. We are available at your convenience and provide after-sale services including insurance coverage review, renewals and claims.
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