Contractors All RISK

While construction is a more complex activity than ever before due to the high-tech, and as your own portfolio may span a diverse range of civil engineering works for residential, commercial, and infrastructural purposes that are exposed to a wide range of risks, Contractors All Risk Insurance of Solidarity Takaful covers risks during construction comprehensively which includes physical loss or damage to property, plant, machinery, motors, tools, works brought on to the site, and temporary works erected on the site, as well as third party liability related to work conducted on the site.

Insurance Coverage

Insurance coverage for property used in the project that belongs to a third person but is reserved by you when the loss occurs

Insurance coverage for the cost of litigation recovered from the defendant, and all costs and expenses incurred with a written consent of the insurance company

Insurance coverage against any legal liability for injury directly caused by the construction of the insured property

 

Erection All RISK

Fill the reimbursement form, obtained from Solidarity Takaful website or from our branches and attach all necessary documents as mentioned below:

  • Original invoices and receipts
  • Detailed medical report
  • Laboratory tests and results
  • Pre-approval letter from Solidarity, if any.
Note:
Claims are settled based on the standard cost of service providers in the Kingdom of Saudi Arabia

Insurance Coverage

Material Damage

Insurance coverage against unforeseen and sudden damage to the insured property during erection, commissioning, and pilot operation.

All risk insurance coverage which includes:

a) fire, lightning, explosion, aircraft damage, flood, inundation, storm, cyclone and allied perils
b) landslide, subsidence and rockslide
c) burglary and theft
d) electrical and mechanical breakdown
e) any other sudden, unforeseen, accidental damage not explicitly excluded.

Third Party Liability

Insurance coverage for property used in the project that belongs to a third person but is reserved by you when the loss occurs
Insurance coverage against any legal liability for injury directly caused by the construction of the insured property
Insurance coverage for the cost of litigation recovered from the defendant, and all costs and expenses incurred with a written consent of the insurance company