Advanced Payment Bond

Provides a guarantee to the principal in the event the contractor absconds or fails to repay the amount advanced to them at the start of the project.

Bid / Tender Bond

Bid or tender bond insurance provides a guarantee against failure of the successful tender (contractor) to sign the contract documents or complying with conditions of the tender.

Performance Bond

The performance bond insurance provides a guarantee to the principal against the failure of the contractor to complete the project or to perform in accordance with the conditions of the contract.

Supply Bond

The supply bond insurance provides a guarantee against failure of contractor to fulfill the terms of contract to supply to the principal.

Erection All Risk

The erection all risks insurance covers the contractors against loss or damage to

Contractor’s All Risks

The contractor all risks insurance covers any sudden and unforeseen loss or damage occurring during the period of the insurance to the property insured (including material on site) other than against those perils that are specifically excluded. Also covers the insured legal liability to third party arising out of the contract risks.

Civil Engineering Completed Risks

The civil engineering completed risks insurance covers completed civil engineering works eg. bridges, jetties against all risks of loss or damage other than those that are specifically excluded.

Loss Of Profit Following Machinery Breakdown

The loss of profit following machinery breakdown insurance against loss of profit or increase in cost of working resulting from an interruption or interference to the business following loss destruction or damage to any insured building or property covered under the fire policy or breakdown of machinery covered under Machinery Breakdown policy.

Machinery Breakdown

The machinery breakdown insurance covers against unforeseen and sudden physical loss or damage to machinery from any causes not specifically excluded

Burglary

Burglary insurance covers against loss of or damage to the contents in business premises following theft involving entry to or exit from the insured premises by forcible and violent means. It also covers damage to the insured building and contents consequent upon such theft or any attempt threat.