Contractors’ All Risks

Overview

Covers the work to be executed in accordance with the contract, temporary works, materials, construction plant and equipment brought into the site and liabilities arising out of the performance of the contract.

Coverage

Section I – Material Damage

Covers sudden and unforeseen physical loss or damage occurring to the contract works, property and items insured during a project.

Section II – Third Party Liability

Covers the liability of the Insured against any liability in respect of third party bodily injury or property damage arising out of and in the course of the construction works.

Major Exclusions

• War, civil war and any act of terrorism.
• Radioactive and nuclear energy risks.
• Willful acts or willful negligence.
• Wear and tear.
• Faulty design.
• The cost of replacement, repair or rectification of defective material and/or workmanship.
• Mechanical and/or electrical breakdown or derangement of construction plant and machinery.
• Consequential loss of any kind, including penalties, losses due to delay, lack of performance or loss of contract.
• Seepage, pollution and contamination.

Note: This list is non-exhaustive. Please refer to the Policy Contract for the full list of exclusions.

Workmen’s Compensation

Overview

Covers your workers (definition of “workman” in the Workmen’s Compensation Act 1952) against personal injury by accidents or diseases arising out of and in the course of their employment.

Coverage

This Policy will pay compensation either under Workmen Compensation Laws of Malaysia or your liability under common law for injuries to your workmen by accident or disease arising out of and in the course of employment.

Note: Please refer to the Policy Contract for the full product features and benefits.

Major Exclusions

This Policy does not cover:

• War, terrorism, nuclear risks and asbestosis.
• Fines, penalties or punitive damages awarded by a court of law.
• Your liability to employees of contractors.
• Any employee who is not a “workman” within the meaning of the Workmen Compensation Laws of Malaysia.

Note: This list is non-exhaustive. Please refer to the Policy Contract for the full list of exclusions.

Read the full Workmen’s Compensation guide →