Contractor's All Risks
The Contractor’s All Risk certificate provides coverage for Contractors & Developers to meet their obligations under contract conditions for civil engineering works awarded to them such as construction of building, infrastructure and other civil engineering works. The certificate coverage during the construction period for loss or damage to contract works can be extended to include the maintenance period from any cause not specifically excluded. The certificate ceases at completion of the project and handover to the Principal. The Contractor`s All Risk certificates are not annual certificates and as such are not renewable. The certificate also provides indemnity in respect of third party liability which the Participant shall become legally liable arising from carrying out the contract works.