Commercial Insurance

Key benefits - covers risks related to the construction activities


As a building contractor or developer, you would need to protect your capital investments against loss or damage to the work in progress or materials purchased for the purpose of incorporating into the project. In addition you would also need to protect your liability against third party claims arising from the construction activities of the works.

The policy offers coverage under two sections:

Section I - Material damage

The policy covers physical loss, damage or destruction of the property due to any cause other than those specifically excluded in the policy.

Section II - Third-party liability

The policy covers the legal liability falling on the insured contractor as a result of bodily injury or property damage suffered by a third party.

Add-ons are available to extend your cover to:

  • Cross liability
  • Cost of removal of debris/
  • Express freight, overtime charges
  • Air freight
  • Additional customs duty
  • Escalation
  • Owner's surrounding property

Main Exclusions

The Policy will not cover any claim related to:

  • War and related perils
  • Nuclear reaction, nuclear radiation or radioactive contamination
  • Willful act or willful negligence of the insured
  • Cessation of work
  • Defective material or bad workmanship
  • Wear and tear
  • Inventory losses
  • Faulty design
  • Consequential loss

This is not an exhaustive list.

For further details and quotation, talk to us today at 1800-103-2292 (Toll free) or visit one of branches

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