Product information
The Insured
Investor, Contractors, Suppliers, Subcontractors…
Insured Subjects
- Residential Buildings, apartments, hotels, shools, hospitals
- Multi Storey, Hall Buildings
- Industrial buildings
- Irrigation Works such as Diversion channel, Dams, Embankment, Water Reservoir…
- Civil engineering works: bridges, roads, piers, Earthworks, Railways, Airport…
- Cement Factories, Hydro Power Plants, thermal power plants..
- Other Construction & Erection Works.
Coverage
Construction/Erection “All risks” insurance: This Policy covers all risks except risks excluded under Policy wording. The Insured will be indemnified for loss or damage to the construction by an unforeseen and sudden cause other than those excluded occuring during the insurance period.
Coverage: divided into 02 Sections
Section I – Material Damage: Insurance against unforeseen and sudden physical loss or damage to Insured Items at construction site happenning during the insurance period by the following causes:
- Fire, Lightning, Explosion, Aircraft,
- Flood, Inundation, Tsunami, storm, typhoon..
- Theft
- Earthquake
- Poor Workmanship, Lack of Experience, negligence, ….
- by any cause other than those specifically excluded in this Policy
Section II – Third Party Liability: Insurance against civil liability legally arising by the Insured to the loss or damage or bodily injury, which the Insured is responsible to the third party, directly relating to the insured project happening during the insurance period.
BIC is always ready to listen and support you for free!
*Please leave your information so we can contact you*
Other products
See more
Electronic Equipment Insurance
Electronic Equipment is one of the inventions of today industrial development.It not only plays an important role to support the business activities, but also to many activities of modern life.Customers usually have to pay attention to the risks which could threaten their electronic equipments. Our Electronic Equipment Insurance will protect customers from unforeseen and sudden loss or damage to their electronic equipments.
Learn more
Boiler and Pressure Vessel Insurance
Risks to the boiler in the factory are very high. Explosion, merchanical breakdown, short circuit of the boiler are major risks to the Insured. Our Boiler and Pressure Vessels Insurance protects the Insured if such losses or damages occur.
Learn more
Machinery Breakdown Insurance
Machinery is valuable property of any enterprise. Machinery breakdown could occur in any kind of business. Our Machinery Breakdown Insurance protects customers against the sudden and unexpected losses to their machinery. Therefore, the Insured could have more investment opportunity from money which would have been reserved as a self-insured fund in case of no protection of this insurance.
Learn more
Contractors' Plant and Machinery Insurance
This insurance product is for investors or organizations undertaking construction projects... Our Contractors’ Plant and Machinery Insurance protects customers from loss or damage to its construction machinery or equipments such as cranes, road rollers, cement mixers ...
Learn more