The ONE Contractor All Risk Policy is designed to provide comprehensive protection against the full spectrum of civil and construction engineering risks typically encountered in the construction industry. It offers cover for accidental physical loss of, or damage to, the insured property during the construction period.
This All Risk cover protects all the main players in the industry from the principal (employer), developers, contractors and subcontractors and is flexible allowing ONE to design a tailored product to suit the policyholders specific contractual needs.
This comprehensive cover extends to a diverse range of construction environments including:
- Office parks and warehouses
- Roads and transportation infrastructure
- Sewerage, water, pipeline, and electrical reticulation systems
- Towers and reservoirs
- Sectional Title developments (commercial and residential complexes)
- Private dwellings
- Shopping malls, hospitals, and large public facilities
Key Benefits
- Covers permanent and temporary works
- Protects materials on-site, in transit, and in storage
- Safeguards against fire, explosion, flood, storm, theft and malicious damage
Extensions
- Public Liability
- Surrounding Property
- Claims Preparation Costs
- Removal of Debris
- Removal of Lateral Support
- Beneficial Occupation