Working on site development is always a daunting yet fulfilling experience potentially marred with risks and causalities such as collapse of the building or injury on men on site/ third party.
Insurance not only transfers risks but also assist the contractor in risk management by recognizing potential risks and reducing the probability of such risk materializing.
An appropriate construction insurance is practice of exchanging a contingent claim for a payment to protect the interest of parties involved in the construction project.
Risk management is most valuable at an early stage in a project where there’s still some flexibility available in designing and planning to consider how risk might be avoided. Contractors All Risks (CAR), professional indemnity, performance bond, workmen compensation, fire and burglary are some of the most common insurance covers obtained for construction projects.
We think about you all way, determining your preferences make your insurance policy within your means.
