It’s a single policy with the below mentioned sections only the sections that are relevant to your business will be covered with Fire and burglary being mandatory.
- Contractors All-risk Insurance – This policy Covers the contractor for the loss or damage of contract works, material and equipment from perils that may occur during the course of construction of buildings, roads, bridges, dams, and other infrastructure. The perils covered include fire, lightning, flood, storm and tempest, acts of God, theft, malicious damage and impact damage. The policy is extended to include liabilities to third parties for bodily injury or damage of property.
- Carrier Warehouse Liability – This policy provides cover against legal liability for negligence at common law and/or private carrier in respect to loss or damage of property/goods or merchandise in the custody of the Insured happening during any period of insurance and within the geographical limits. The policy can also be extended to include cover for the loss or damage of property in the store/bonded warehouse. It’s ideal for business men or companies that hold goods or merchandise in trust or commission.