Onshore Construction Risks takaful offers coverage for infrastructure construction projects such as oil, gas, power, petrochemicals etc., against physical loss or damage.
The cover commences with transportation and mobilization of equipment and terminates once the final certificate of handover is issued – any maintenance period thereafter can also be covered.
- Risk Covered
- Physical loss or damage to contract works.
- Temporary works.
- Third Party liabilities arising from operations.
- Key Benefits
The coverage includes builders risks and cargo coverage, sue and labour, removal of wreck for a separate limit, removal of wreck and debris separate limit, existing property, expediting expenses, war etc. subject to waterborne agreement and maintenance period.
- Information Required
- Infrastructure Details
- Surrounding Areas
- Back Up Contingency Plans
- Supervising Engineers