Compulsory Construction Insurance

Compulsory Construction Insurance

Coverage

To indemnify the Insured for construction activities (including construction works insurance, professional liability insurance for construction consultants, construction workers’ compensation insurance) and third party civil liability insurance.


Exclusions

The Insurer shall not indemnify any loss or damage such as the following:

  • Losses incurred by war, riots, strikes, actions of hostile forces, rebellions, malicious acts on behalf of or in connection with political organizations, distraint, expropriation, requisition, confiscation or destruction or damage caused by order of competent regulatory agencies,
  • Losses incurred by terrorism,
  • Losses incurred by nuclear reactions, nuclear radiation, and radioactive contamination etc.
  • Loss caused by intentional acts,
  • Loss caused by the nature,
  • Loss due to catastrophic events.

Please refer to regulation of Compulsory insurance for construction investment activities of the Government

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