PUBLISHER: MALAYSIASME Sept 21, 2013.
It is a very common project insurance for civil or M&E engineering works. All parties involved in any construction project are compelled to be insured. Parties may include the contractor, firms commissioned to carry out the work, including subcontractors, the purchaser or owner and parties financing the project such as the developer. Here, we would explore the basic coverage for Construction’s All Risk, Erection All Risk, Civil Engineering Completed Risks Insurance, Contractors’ Plant and Machinery Insurance, Workmen’s Compensation Insurance and performance bond. …
