Noor Contractor All Risk Takaful

What is this product about?

Contractor’s All Risks Takaful that covers civil construction projects above or below ground such as residential and office buildings, hospitals, schools, theatres, roads, railways, bridges, tunnels, airports, dams, weirs, irrigation and drainage facilities, canals and ports. In addition the following will also be covered:-

- Preparatory work at the construction site such as site facilities, excavation and levelling work and temporary structures (e.g. access roads, diversion canals and protective embankments)

- Any materials to be used in the construction work stored at the site Maintenance period (if any)

What are the covers/benefits provided?

This is an ‘All Risk’ policy covering sudden and unforeseen physical damage to civil projects under construction covered by any cause or peril not specifically excluded under the policy. Important Perils which will be covered include:

Fire and Allied Perils

Flood, storm, tempest & cyclone

Earthquake, fire & shock

Collapse

Water Damage for Wet Risks

Faults in erection/ construction

Human errors, negligence