Contractors All Risk Insurance (C.A.R)

Cumberland Contractors All Risks policy covers Material Damages and Liability during the construction and maintenance period of your building project or civil engineering works.

Cover Over View

  • Material Damage
    Covers any unforeseen and sudden physical loss or damage from any cause (other than those specifically excluded) to contract works or construction plant, equipment and/or machinery (unless separately insured).
  • Third Party Liability
    Covers Insured’s legal liability to pay damages consequent upon accidental third party bodily injury and/ or property damage, which is in direct connection with the contract works and happening on or in the immediate vicinity of the contract site.

Your premium may vary, depending on:

  • Contract Period.
  • Contract Site.
  • Contract Value / Limit of Liability.
  • Contract Works involved.
  • Coverages / Extensions required.
  • Underwriting information submitted.

=> Is to offer comprehensive and adequate protection against loss or damage in respect of the contract works, construction plant and machinery, as well as for third party claims in respect of property damage or bodily injury arising in connection with the execution of the project.

Erection All Risk Insurance (EAR)

Cumberland Erection All Risk policy covers Material Damage and Liability during the erection, assembly and of prefabricated elements or machines manufactured off-site.

Benefits:

  • Material Damage
    Covers unforeseen and sudden physical loss or damage from any cause (other than those specifically excluded) to items to be erected.
  • Third Party Liability
    Covers for Insured’s legal liability to pay damages consequent upon accidental third party bodily injury and/ or property damage in direct connection with the contract works and happening on or in the immediate vicinity of the contract site.

Your premium may vary, depending on:

  • Risk exposure.
  • Contract Period.
  • Contract Site.
  • Contract Value / Limit of Liability.
  • Contract Works involved.
  • Coverages/ extensions required.
  • Underwriting information submitted.

Machinery Breakdown Insurance

Cumberland Machinery Breakdown Insurance Coverage for loss due to mechanical or electrical breakdown of nearly any type of equipment, including photocopiers and computers. Coverage applies to the cost to repair or replace the equipment and any other property damaged by the equipment breakdown.

Contractors Plant & Equipment Insurance

Cumberland Contractors Plant & Equipment covers damage or loss of expensive machinery could be a catastrophe for a small construction contracting business because these machines represent such a large investment. Contractor plant and machinery insurance protects your business from these losses. Understand the options and limitations of this type of insurance to determine whether your business needs to be covered.

 

Electronic Equipment Insurance

Cumberland Electronic Equipment Insurance covers:

  • Material damage to electronic equipment (which can include systems software) due to sudden and unforeseen events
  • Cost of external data media, including cost of reconstruction of data (optional)