Capability Guide
AIG has a wealth of experience and knowledge to serve your business. Read our Capability Guide to see how we can help you.
Read it nowTaking the worry out of your refurbishment and decoration works
AIG has a wealth of experience and knowledge to serve your business. Read our Capability Guide to see how we can help you.
Read it nowWhether you are planning to decorate your home, set up your new shop or expand your premises, it is vital that that appropriate insurance protection is secured before work commences. This helps to safeguard your assets and liabilities against accidents that may arise from the contract works. Also, proof of insurance is required by many property managers for contractors to carry out the decoration works.
AIG brings you a package solution that meets these needs. This coverage includes Contractors’ All Risks and Employees’ Compensation insurance. The level of protection can be customized to fit different demands depending on contract value, 3rd party liability exposure and employers’ liability exposure, as required.
Owners/occupiers of the premises or contractors engaged for the decoration work.
A. CONTRACTORS' ALL RISKS
Section I - Contract Work (Material Damage)
Offers property damage protection against accidents occurring during the contract period for contracted decoration work in progress on existing property of owners/occupiers.
Section II - 3rd Party Liability
Indemnifies legal liabilities against 3rd party claims for property damage or bodily injury arising out of decoration process and works performed by contractors.
B. EMPLOYEES’ COMPENSATION (Optional)
Meets the employer’s obligation under legislation to provide insurance coverage to the extent that contractors and property owners/occupiers as principals serve as employers of workers engaging in the contract work.
FREE Value-Added coverage enhancement available
Important Notes· Age of building where premises is located shall not exceed 40 years
Major Exclusions