Contractor All Risks Insurance

Contractor All Risks Insurance offers broad protection, covering both the project owner (principal or developer) and the contractor responsible for construction and erection activities. Under Section One, the policy safeguards against loss or damage to the construction works and associated machinery, ensuring protection of their respective interests. Section Two provides liability coverage for third-party property damage, including risks to nearby structures, as well as any bodily injury or death that may occur in connection with the project’s execution.