An “ALL RISKS” cover available to contractors that will offer protection destruction or damage to;
i) the contract works
ii) contractor’s plant & machinery at the site
iii) materials on site
Scope of cover will include fire, burglary, floods, earthquake and unforeseen and accidental damage to the property insured. A limited amount will also be available for removal of any debris from a site after such damage/destruction.
In addition, the policy will extend to cover the contractor’s liability to members of the public (third parties), for death, injuries or damage to their property arising out of the contractor’s negligence.
To quote on this we need to know the value of the contract and the desired limit of liability.