Construction & Engineering Policies

Our Insurance Services

Bonds and Guarantees

Construction can be a risky business. As a building owner, risk manager, construction lender or a contractor your goal is simple: that is successful completion of the project on time.

One best ay you can reduce your risk and help guarantee the successful completion of your construction project is by setting up a Construction Guarantee as well as Construction & Engineering Policies;

As a contractor in the construction business you are required to provide various forms of guarantees usually when awarded with a contract. The purpose of any of the guarantees is to provide the Employer (beneficiary of the guarantee) with security in the event of a default or non-performance by the contractor.

A guarantee does not cover anything other than a failure to complete a project due to insolvency, liquidation or disappearance of the contractor or cancellation of the project due to various reasons.

What is Covered?

Construction Policies

The Contractors All Risks policy is designed specifically for builders and other trades working at construction sites. The policy covers a number of perils and events such as fire, theft, flood damage and transit of building-related material to and from the site. Public liability is also included and covers contractors who may be subject to liability relating to bodily injury or death of third party persons and injury to or destruction of third party property.

Public liability Cover is also included within the Contractors All-Risk insurance Policy that we offer.

We also offer cover for Plant All Risk, Tool & Machinery Breakdown Cover for the Yellow Machines and other related Plant and Machinery on-site

The Contractors All Risks Insurance Product can be offered specific to a project as once off cover or you can have a running cover renewable annually and caters for all the company’s projects