Contractors All Risk Insurance

Category: Tag:

Description

Contractors All Risk Insurance , Workmen’s Compensation and Third part liability.

Contractors All Risk Insurance is an important policy to have in place if you are a Contractor. This type of insurance offers one of the most comprehensive methods for protecting Projects works, Tools, Materials, Plant, Equipment, and temporary buildings on a construction site.

Contractors all risk insurance is designed to protect you against such risks: Fire, Theft, Floods, Storms, Malicious damage, Architects designs mistakes, Vandalism, Demolition and site clearance costs, professional fees, and Goods in Transit, etc.

Note: This Policy contain the covered of Third Party Liability.

Workmen’s Compensation and Occupational Diseases:
According to Kuwaiti Labor Law:
-Death: Salary of 1500 Days or 10,000 KD whichever is
higher.
-Permanent Total Disability due to accident: Salary of
2,000 Days or 13,330 KD whichever is higher.
-Permanent Partial Disability due to accident:
Percentage of 2,000 days salary or percentage of
13,330 KD whichever is higher.
-Temporary Total Disability due to accident: 100% of
the salary during the first six months and 50% of salary
thereafter until disability is cured.

Note: This Policy contain the covered of Professional Indemnity.

*Terms and Conditions applies.