Contractor All Risk Project value 5,000,000👉estimated premium €13,000-€14,000- Required broker fee €1,100

Project Insurance Summary

Project: Large-Scale Construction
Contract Value: €5,000,000

Insured Parties:
The main contractor and its subcontractors

Coverage Includes:

• Erection works

• Freight and cost of erection

• Construction plant and machinery

• Clearance of debris

• Engineers’ fees

• Cover for natural perils: earthquake, volcanic eruption, tsunami, storm, cyclone, and flood

• 1 year duration + 4 months extension of works

• 30 months maintenance period cover

• Public Liability coverage included

Excess / Deductibles:

• All Perils: €7,000

• Fire Perils: €10,000

• Machinery and Equipment: 10% of the damage, with a minimum of €400