Project Insurance
There are many different types of policies designed to protect property owners, developers, and contractors during project phases. Robust construction project insurance coverage is often mandatory under contracts between principals and contractors given the monetary value involved. Covers are largely All Risk, addressing accidental damages to contract works unless excluded. Key factors dictate the required project coverage, alongside commercial property insurance policy needs, depending on the role (contractor, owner, subcontractor) and asset type.
A property owner undertaking new projects can insure civil works (roads, bridges, dams, buildings), erection equipment, transit materials, workers, liability, bonds, and machinery. Delays from accidental damages can be protected via advance loss of profit policies. Through our corporate risk management services, AUM delivers expert guidance to help you select ideal coverage and manage claims efficiently for optimal financial indemnity.