• Infrastructure projects including:
• Transportation (Highways, Railways, Airports)
• Water and Sanitation
• Telecommunications
• Power
• Civil and Building works
• Erection and Engineering risks
• Reclamation and Coastal construction risks

Aon Global provides unparalleled experience in arranging: Principal and Contractor Controlled Insurance Programs

• Build Operate and Transfer Insurance Solutions
• Associated Delay in Start-up Protection
• Lenders' Advisory

This insurance is better known as Construction/Contractors All Risk Insurance. This policy is designed to protect the interest of civil contractors and owners involved in construction activity against the damage or destruction of the various civil engineering projects undertaken by them. The policy is suitable for all types of civil engineering construction works ranging from small buildings to massive dams as they are all susceptible to damage by a variety of external and internal causes during the course of construction

Coverage

This is a comprehensive policy designed to cover all risks associated with Construction or Erection works right from the time of commencement of works at site till the project is taken over or put into use.

The policy covers:

• Fire / lightning.
• Accidental damage during construction like dropping or falling, defective workmanship and material, lack of skill, malicious act and human error.
• Act of God perils such as flood and inundation, earthquake.
• Collapse, collision, impact.
• Theft and burglary, malicious damage

Extensions

The Policy may be extended to cover:

• Air freight,
• Additional customs duty,
• Express freight, over time wages, escalation in costs,
• Expenses for clearance and removal of debris,
• Third party liability, incl. Damage to surrounding property
• Contractor's plant and machinery at the construction site,
• Defects in construction which surface during maintenance period for which the contractor is liable under the terms of agreement with the principal
• Terrorist Damage

Premium chargeable depends on the following:

• Nature of the project,
• The project cost, the project period,
• Geographic location and the period of testing.
• Discounts in premium are allowed for large projects;
  Discounts are also available for higher deductibles opted, and for the fire protection standards at the site.
• In case of lengthy projects, a refund of the premium may be available on early completion.