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contractors all risks policy
This policy covers all the risks that the contractor may be exposed to during the implementation of the assigned civil projects, including additional orders and modifications to them. The insurance coverage under this insurances is divided into two parts:
Section one: physical damage
Under this section, the company is obligated to compensate the insured for the losses resulting from the loss of or damage to any of the insured properties as a result of the following risks:
- the risks of force majeure, which usually cannot be controlled, and are called acts of god.
- ordinary risks such as fire, theft and unintentional negligence.
Section two: third party liability
Which covers the damages that the insured is legally liable to compensate as a direct result of the damages that he may cause to a third party incidentally whether bodily or property
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This policy covers all the risks that the contractor may be exposed to during the implementation of the assigned civil projects, including additional orders and modifications to them. The insurance coverage under this insurances is divided into two parts:
Section one: physical damage
Under this section, the company is obligated to compensate the insured for the losses resulting from the loss of or damage to any of the insured properties as a result of the following risks:
- the risks of force majeure, which usually cannot be controlled, and are called acts of god.
- ordinary risks such as fire, theft and unintentional negligence.
Section two: third party liability
Which covers the damages that the insured is legally liable to compensate as a direct result of the damages that he may cause to a third party incidentally whether bodily or property