Contractors All Risk Insurance

This policy is specially designed to provide compensation to the insured in the event of physical damage to/or disruption of work in progress, contract work, construction plant and equipment and/or construction machinery and other similar items brought to the site,


Who needs the policy?

  • Contractors
  • Firms commissioned to carry out the work, including subcontractors
  • Project owners
  • Parties financing the project

What does it Cover?

  • Fire and Allied Perils
  • Flood, Water Damage for Wet Risks
  • Collapse
  • Faults in erection/ construction
  • Human errors, negligence

Cover Exclusions

  • War and Nuclear risks
  • Willful Act or Willful Negligence of the Insured
  • Partial/total cessation of Work
  • Defective material or bad workmanship
  • Normal wear and tear
  • Normal Maintenance
  • Loss or damage due to faulty design
  • Contractual liabilities
  • Consequential losses
  • Human errors, negligence

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Guinea Insurance PLC

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