This compulsory insurance (Section 64 of the Insurance Act. 2003) covers buildings under construction with more than two floors, protecting against construction risks arising from negligence that may cause injury or property damage.

PRODUCT FEATURES:

The Insured will be indemnified against all sums which the Insured shall become legally liable to pay as damages consequent upon:

1. death or bodily injury to or illness of employees or workmen of the contractor(s) or the Principal or any other firm connected with the contract work or members of their families;
2. accidental bodily injury or illness (whether fatal or not) to third parties;
3. accidental loss or damage to property belonging to third parties occurring in direct connection with the performance of the contract Insured by this Policy and happening on or in the immediate vicinity of the Contract Site during the Period of Insurance.
4. Damage to any property or building caused by vibration or by the removal or weakening of support or injury or damage to any person or property occasioned by or resulting from such damage.
5. Legal costs recovered by any claimant from the Insured and all expenses incurred with the written consent of the Insurer

REQUIREMENTS FOR QUOTATION

• Duly completed Proposal form
• Know Your Customer (KYC) form

STEPS TO MAKE A CLAIM/ CLAIM PROCESSING

1. Immediate notification via phone call, app, letter or email
2. Duly completed Claim form
3. Other claims substantiating documents as may be required

Terms and conditions apply.