Contractors All Risk Insurance
- Description
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.