Contractors’ All Risks Insurance

Royal Crown Insurance, a company with an established presence and long-term experience in the insurance world, and with a main goal to protect and cover its clients with its progressive insurance policies, presents the Contractors’ All Risks Insurance. The Contractors’ All Risks Insurance concerns owners of projects under construction, as well as building contractors and land development companies.

It is generally acceptable that the need for insurance is constant and enduring, whether it concerns technical projects, professional space or even our own home. The task of implementation of a technical project involves uncertainty, and any such project is exposed to numerous risks, such as, inaccurate study, construction fault, poor workmanship etc. The consequences of such risks may be material damage to the project, its plant, or even bodily injury or death to workers or third parties.

We, at Royal Crown Insurance emphasise that the practical solution to the reinstatement of such damage is our Contractors’ All Risks Insurance Policy, which transfers your financial burden to us!!

Look into our Contractors’ All Risks Insurance Policy before constructing

Royal Crown Insurance offers one of the most modern insurance policies, and has especially been planned to fulfill, comprehensively, the insurance needs for all works under construction, for example, buildings of any kind, factories, roads, tunnels, bridges, ports, airports, marinas, dams etc. The Policy covers any loss or damage occurring in the duration of the construction, or during the installation of the plant, and loss or damage to construction machinery due to a sudden and unforeseen event occurring on the worksite.

You can get a lot of extras with just a little extra

If you take out the Contractors’ All Risks Policy with Royal Crown Insurance, you have the choice, without substantial cost, to adapt and extend your cover to that which best matches your financial priorities:

  • To contractors’ and sub-contractors’ equipment, installations, and structural machinery
  • To contractors’ existing buildings and other property
  • To machinery and tools stored outside the plant
  • To debris removal costs
  • To additional costs for acceleration of damage reinstatement
  • To legal liability to third parties
  • To architects’ and surveyors’ fees