Section 1 - ‘All Risks’ coverage on the property covered against any sudden and unforeseen loss or damage occurring during the Period of insurance.
Section 2 – Third Party Liability coverage in respect of bodily injury and property damage to third parties where the Insured is legally liable for compensation
In addition, the Policy can be extended to include erection plant and machinery.
Should be for the full value of the contract work at the completion of erection inclusive of: all material, wages, freight, customs duties, dues and materials or items supplied by the principal / owner. In respect of erection plant and machinery: the cost of new insured items on replacement value.