Under Construction and Erection All Risk protection, we are taking a gander at the particular dangers that can happen amid the development or erection process. The scope is a mix of Property All Risks (PAR) and Liability protection, particularly intended to answer the particular dangers that might emerge amid this timeframe.
It usually includes a comprehensive cover (if not specifically stated) for damage to or physical loss of insured property as a result of accident or natural threats (Material Damage) & your legal liability to third parties’ bodily injury or property damage (Third Party Liability) in direct connection with the performance of the contract work on or in the vicinity of the insured site.
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