Contractor's / Erection All Risk (承包商的所有风险)

Contractors' All Risk Insurance is specifically designed to cover the Insured against loss or damage in respect of contract works, construction plant and equipment, and/or construction machinery as well as against third-party claims in respect of property damage or bodily injury arising in connection with the execution of a building project

Insurans Semua Risiko Kontraktor direka khusus untuk melindungi Pihak Diinsuranskan terhadap kerugian atau kerosakan berkenaan dengan kerja kontrak, loji pembinaan dan peralatan dan/atau jentera pembinaan serta terhadap tuntutan pihak ketiga berkenaan dengan kerosakan harta benda atau kecederaan badan yang timbul berkaitan dengan pelaksanaan projek bangunan 

Contractors' All Risks Insurance has historically produced unfavorable results due to adverse claims experience. The risk exposure under this class of business is very high and insurers are often exposed to material damage claims resulting from flood, landslide, windstorm, collapse, fire, and theft. In addition, insurers are also exposed to third-party liability claims arising from damage to underground cables and pipes as well as surrounding properties.

In view of the adverse claims experience, we have therefore adopted a prudent and selective underwriting policy for this class of business.

Insurans Semua Risiko Kontraktor dari segi sejarah telah menghasilkan keputusan yang tidak menggalakkan disebabkan oleh pengalaman tuntutan yang buruk. Pendedahan risiko di bawah kelas perniagaan ini adalah sangat tinggi dan penanggung insurans sering terdedah kepada tuntutan kerosakan material akibat banjir, tanah runtuh, ribut angin, runtuh, kebakaran dan kecurian. Di samping itu, penanggung insurans juga terdedah kepada tuntutan liabiliti pihak ketiga yang timbul daripada kerosakan pada kabel dan paip bawah tanah serta hartanah di sekelilingnya.

Memandangkan pengalaman tuntutan buruk, kami telah menerima pakai dasar pengunderaitan yang berhemat dan terpilih untuk kelas perniagaan ini. 

A Contractors' All Risks policy may be concluded by the principal or by the contractors engaged in a project, including all subcontractors. Contractors' All Risk insurance provides an all-risk cover every hazard is covered which is not specifically excluded. This means that almost any sudden and unforeseen loss or damage occurring during the period of insurance to the property insured on the building site will be indemnified. 

The most important causes of losses indemnifiable under CAR insurance are:                                                  

a) Fire, lightning, explosion; 

b) Act of God such as flood, inundation, a windstorm of any kind, earthquake etc ;                                       

c) Theft, burglary 

d) Bad workmanship, lack of skill, negligence, malicious acts or human error

Polisi Semua Risiko Kontraktor boleh dibuat oleh prinsipal atau oleh kontraktor yang terlibat dalam projek, termasuk semua subkontraktor. Insurans Semua Risiko Kontraktor menyediakan perlindungan semua risiko setiap bahaya dilindungi yang tidak dikecualikan secara khusus. Ini bermakna hampir sebarang kerugian atau kerosakan yang berlaku secara tiba-tiba dan tidak dijangka dalam tempoh insurans kepada harta yang diinsuranskan di tapak bangunan akan mendapat ganti rugi.

Penyebab utama kerugian yang boleh dibayar ganti rugi di bawah insurans CAR ialah:

a) Kebakaran, kilat, letupan;

b) "Act of God" bencana semulajadi seperti banjir, banjir, ribut angin dalam apa jua bentuk, gempa bumi dll;

c) Kecurian, pecah rumah

d) Pengerjaan yang buruk, kurang kemahiran, kecuaian, perbuatan jahat atau kesilapan manusia 

• Surat Anugerah (wajib)

• Pecahan jumlah diinsuranskan / Nilai kontrak

• Skop Kerja

• Susun atur dan/atau Pelan Lokasi

• Jadual waktu / Carta Bar

• Had liabiliti pihak ketiga

• Persekitaran Hartanah dan jarak dari pihak Ketiga

The Insured Parties

The Principal, Contractor, and all Sub-Contractors, Operators, Suppliers, Consultants, and Financing Parties who are engaged in the contract/project. Note: Third-party means any person other than those related to or working for the contract/project.

Pihak Yang Diinsuranskan

Prinsipal, Kontraktor, dan semua Sub-Kontraktor, Operator, Pembekal, Perunding, dan Pihak Pembiayaan yang terlibat dalam kontrak/projek. Nota: Pihak ketiga bermaksud mana-mana orang selain daripada mereka yang berkaitan atau bekerja untuk kontrak/projek. 

Property Insured

All the works to be performed under the contract whether they are preparatory, provisional, or final together will all materials and types of equipment constituting them.

In addition, the cover may include Third Party Liability, Construction Plant and Equipment, Construction Material, Clearance & Removal Of Debris, Professional Fees and Surrounding Property, Escalation, and Maintenance Cover.

Sum Insured

The sum Insured must be similar to the contract value representing all the investment needed to carry out the contract/project. Any increase in the contract sum must be notified immediately to the Company in order to avoid under-insurance and an additional premium will be charged.

Harta Diinsuranskan

Semua kerja yang akan dilakukan di bawah kontrak sama ada ia adalah persediaan, sementara atau muktamad bersama-sama akan semua bahan dan jenis peralatan yang membentuknya.

Selain itu, perlindungan mungkin termasuk Liabiliti Pihak Ketiga, Loji dan Peralatan Pembinaan, Bahan Pembinaan, Pembersihan & Pembuangan Serpihan, Yuran Profesional dan Harta Sekeliling, Eskalasi dan Perlindungan Penyelenggaraan.

Jumlah Diinsuranskan

Jumlah Diinsuranskan mestilah sama dengan nilai kontrak yang mewakili semua pelaburan yang diperlukan untuk menjalankan kontrak/projek. Sebarang peningkatan dalam jumlah kontrak mesti dimaklumkan dengan segera kepada Syarikat untuk mengelakkan kekurangan insurans dan premium tambahan akan dikenakan. 

• Usual exclusions on nuclear and war damage. 

• Consequential Loss on material damage. 

• Cessation of work whether total or partial. 

• Direct faulty design. 

The cost of replacement or rectification of the Property insured rendered necessary by defective material and workmanship but this insurance shall cover the cost of making good any damage to other Property Insured under this policy resulting from such defective material and workmanship. 

• Loss or Damage to:-

Loss of or damage to any items of plant machinery or equipment directly due to it's own breakdown, failure, breakage, derangement or explosion. 

• Loss of or damage to any deeds, bonds, account bill of exchange, promissory notes, cash, bank notes, cheques, security for money or stamp. 

• Loss or damage due to normal wear and tear, corrosion, rust, aesthetics defect, gradual deterioration or deterioration due the atmospheric and/ climate conditions. 

• Loss of property either by disappearance or by shortage if such disappearance or shortage is only revealed when an inventory is made and the loss cannot be traced to any event. 

• In respect of which a Certificate of Completion has been issued or which has been completed and handed over to or taken into used by the Principals or which arise after practical completion unless such loss and such loss and damage be occasioned during the Maintenance Period specified in the schedule or by the contractor in the course of any operations carried out by him for the purposes of complying with the obligations under the maintenance provisions of the contract. 

• Reka bentuk yang rosak langsung.

Kos penggantian atau pembetulan Harta yang diinsuranskan yang diperlukan oleh bahan dan mutu kerja yang rosak tetapi insurans ini akan melindungi kos untuk membaiki sebarang kerosakan kepada Harta lain yang Diinsuranskan di bawah polisi ini akibat daripada bahan dan mutu kerja yang rosak tersebut.

• Kehilangan atau Kerosakan kepada:-

Kehilangan atau kerosakan pada mana-mana item jentera atau peralatan loji secara langsung disebabkan oleh kerosakan, kegagalan, pecah, kekacauan atau letupan sendiri.

Kehilangan atau kerosakan pada sebarang surat ikatan, bon, bil akaun pertukaran, nota janji hutang, wang tunai, nota bank, cek, sekuriti untuk wang atau setem.

Kehilangan atau kerosakan akibat haus dan lusuh biasa, kakisan, karat, kecacatan estetika, kemerosotan atau kemerosotan secara beransur-ansur disebabkan oleh keadaan atmosfera dan/iklim.

Kehilangan harta sama ada dengan kehilangan atau kekurangan jika kehilangan atau kekurangan tersebut hanya didedahkan apabila inventori dibuat dan kehilangan itu tidak dapat dikesan kepada sebarang kejadian.

Berkenaan dengannya Sijil Penyempurnaan telah dikeluarkan atau yang telah disiapkan dan diserahkan kepada atau diambil untuk digunakan oleh Pengetua atau yang timbul selepas penyiapan praktikal melainkan kerugian dan kehilangan dan kerosakan tersebut berlaku semasa Tempoh Penyelenggaraan yang dinyatakan dalam jadual atau oleh kontraktor dalam perjalanan apa-apa operasi yang dijalankan olehnya bagi tujuan mematuhi kewajipan di bawah peruntukan penyenggaraan kontrak. 

• LEG Defect Clauses – Origin, Interpretation and Evolution- Debra Woods, Chartered Insurer, ACII, ACIArb

Engineering & Construction Claims, Swiss Re Corporate Solutions 

(6) LEG Defect Clauses – Origin, Interpretation and Evolution | LinkedIn 

• IRMI - design exclusion wordings (de1995/leg1996) -

Decline Risks

i. Aircraft crews

ii. Asbestos-related risks

iii. All claims and losses resulting from work carried out to produce latex-based products

iv. Construction and maintenance of dams

v. Contractors engaged exclusively in wrecking and demolition

vi. Fire brigades

vii. Manufacture and/or production, storage, filing, breaking down transport of 

a. fireworks, fuse(s), cartridges, ammunition, powder, nitroglycerine or any explosives

b. gases and/or air under pressure in containers

c. Butane, Methane, Propane, and other liquefied gases

d. toxic substances and toxic waste (It is understood and agreed, however, that the storage and transport of any of the substances above mentioned which is merely incidental to the operations and/or trade of the company’s insured and not otherwise excluded, is hereby covered)

viii. Offshore rigs

ix. Petroleum and gas exploration, production, drilling, producing, refining and distributing (other than general distributors and petrol stations). This exclusion also applied to general maintenance/repairs carried out by general contractors and incidental contracts directly related to (Petroleum and gas explosions)

x. Quarries, if explosives are used, unless merely incidental to the operations and/or trade of the company’s insured not otherwise excluded.

xi. Service in any kind of armed forces (military, police, security services)

xii. Shipbuilding, ship repairing and shipbreaking

xiii.Ships crews

xiv.Subaqueous/Underwater works and laying of marine cables

xv.The construction, maintenance and demolition of towers, steeples, bridges longer than 30 metres and chimney shaft unless merely incidental to the operations and / or trade of the company’s insured not otherwise excluded

xvi.Tunnelling exceeding 100 metres in length

xvii.Underground and underwater mines and all underground services in connection therewith 

CHAPTER I(d): 

Chubb, AxaAffin, Allianz, Liberty, Lonpac, AM-General, MPI Generali, etc.

Express for Contractor / Erection All Risk -Propose Quotation 

Lembaga Pembangunan Industri Pembinaan Malaysia (CIDB)/ The Construction Industry Development Board (CIDB) 

Act-520-As-at-1-October-2015.pdf (cidb.gov.my) 

Protect the property whilst under construction against fire, liability and other unexpected events. Ensure your construction project and contract work is protected against loss or damage and third party liability.

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Material damage cover

Covers you against physical loss or damage to your construction work

Principal existing property cover

Protects you against loss or damage to property located on or surrounding the site belonging to or held in care, custody or control by you

Third-party liability

Covers you against legal costs and expenses which you may be legally liable to pay such as damages due to property damage or accidental bodily injury to third parties

Download policy documents here

File name

Download

Contractors' All Risks (CAR) Product Disclosure Sheet

Erection All Risks (EAR) Product Disclosure Sheet

Claim Form

Claim Guidelines

Proposal Form