Get Your Contractor All Risk Policy From First Assurance Company Ltd
29 Jul, 2016 10:23 AM
Construction works always call for the use of heavy, Specialised machinery such as tunnel boring machines, earth moving equipment, cranes, pumps, air compressors etc.
It is possible to cover such plant and equipment by way of an appropriate endorsement under contractor all risk policy.
However, specific items of plant are usually only on one construction site until the particular job for which they are designed for is completed. Obviously, such jobs do not last for the whole construction period and the plant is moved on to the next site as soon as its job is finished.
Therefore, in most cases, cover granted by means of an endorsement to the contractor all risk policy would not be suitable as such policies are limited to loss or damage caused at one particular construction site only.
It is preferable to issue an annually renewable contractors plant and equipment policy because it caters for plant and equipment used at different locations.
Get your contractor all risk policy from First Assurance Company Ltd.
