Construction Insurance
Horizon Insurance Broker LLC - Competitive & Comprehensive Insurance Competitive & Comprehensive Construction Insurance

Contractors All Risksfor Construction Contractors

Contractors All Risk Insurance

It covers unforeseen and sudden loss when a prop civil works project is under construction. The policy offers wide coverage to property whilst under construction. The policy also offers coverage to plant and machinery that contractors use for construction purposes. The policy is also extended to cover liability to third parties. This policy provides a good insurance protection to Contractors, Owners, and Principals of Buildings, Roads and Bridges etc while under construction.

Erection All Risks Insurance

It offers comprehensive and adequate protection against all the risks involved in the erection of machinery and plants etc of any kind as well as coverage to third party in respect of property damage or bodily injury arising in connection with the execution of an erection project.

Contractor Plan & Machinery

Various types of construction plants, machinery and equipments are used in the construction or erection on projects site. These plants, equipments and machinery are exposed to a number of risks in addition to the exposure to natural calamities

The CPM Policy covers Contractor’s Plants, Machinery and Equipments against any unforeseen or sudden physical loss or damage from any cause, including electrical or mechanical breakdown, but, except those specifically excluded under the terms of the policy. The indemnity under the policy is for replacement or repair.

Premiums are calculated based on the factors like replacement value of plants and machinery, make, model and type of machinery, age and working conditions, maintenance history, previous claims history and contractor’s experience etc.

 





 

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