Oman United Insurance

Contractor's All Risk Insurance
Erection All Risk Insurance

Contractor's All Risk Insurance

Oman United provides ‘Contractors' All Risks’ coverage for any unforeseen and sudden physical loss or damage to buildings and other structures being constructed or to the existing building in which the construction is being carried out. It also protects Third party liabilities (eg: bodily injury, death or property damage) arising in connection with the construction.

Our Contractors All Risks insurance policy consists of 2 main sections:

Material Damage:Loss or damage to temporary and permanent works including transit, while in the course of construction until handed over to the principal.

Public Liability Insurance: this section covers your legal liability in the event of damage to third party property or bodily injury to a member of the public whilst carrying out your activities.

We also offer other products

Marine Insurance

...

Group Personal Accident Insurance

Accidents can have damaging effects on our physical, financial and most importantly emotional being. Animal attack or slip & fall, ...

Workmen Compensation Insurance

This policy indemnifies the insured or its subsidiaries against all wage replacement and medical benefits to employees injured ‘in the ...

Money Insurance

Money Insurance policy indemnifies you for: Loss of Money. Loss of or damage to any safe or strong room in the Insured’s ...

Contractors' All Risks Insurance (CAR) Policy provides for contractors converging for both damage to a property and third-party injury and damage claims. Contractors' All Risks given on an All Risks basis in the event of any loss or damage to the insured works unless caused by spherically excluded perils contained in the policy. Contractors' All Risks Policy can be extended to cover Insurance for the maintenance period under the contract i.e. liability for loss or damage to the works during any maintenance period is usually covered, subject to a specified time limit, which is normally 12 months.

Contractors' All Risks Policy can be extended to cover Insurance for the maintenance period under the contract i.e. liability for loss or damage to the works during any maintenance period is usually covered, subject to a specified time limit, which is normally 12 months.

Key Benefits

Damage to permanent and temporary works and materials, whilst on site and in transit.

Cover for Maintenance Up to 12 months after completion of contract.

We offer following add-on covers at additional cost:

Loss or damage to Materials/items supplied by principal.
Loss or damage to construction plant and equipment.
Loss or damage to Construction machinery.
Removal of Debris.
Professional fee.
Loss or damage to Principal’s existing property.

Key Exclusions

War, invasion, act of foreign enemy.
Nuclear reaction, nuclear radiation.
Willful act or willful negligence of the Insured or of his representatives.
Cessation of work whether total or partial.
Consequential loss of any kind or description whatsoever including penalties, losses due to delay, lack of performance, loss of contract.
Loss or damage due to faulty design.
Mechanical and/or electrical breakdown or derangement of construction plant, equipment and construction machinery.
Loss of or damage to files, drawings, accounts, bills currency, stamps, deeds evidences of debt, notes, securities, cheques.
Exclusion of all kind of Political risks including but not limited to the Terrorism & Sabotage.
Asbestos Clause.
Radioactive Contamination, Chemical, Biological, Bio-Chemical and Electromagnetic Weapons.
Date Recognition Clause.
Any direct or indirect loss by infectious disease, outbreak of epidemics & pandemics.

This is not an exhaustive list. Please refer policy wordings for detailed coverage, exclusions and conditions.

Download Section

– Contractors All Risks Insurance - Proposal Form

Erection All Risk Insurance

The Erection All Risks insurance is suitable for companies, whose main practice is related to the operation or construction and erection of machines and technical facilities.

Erection all risks insurance covers all types of risks involved during the course of erection of plant and machinery, steel structures, as well third-party liabilities whether it is a property damage or bodily-injury in connection with the execution of an erection project. This Policy covers stationary and as well as movable machineries.

Assembly equipment's also can be covered by concluding separately within the insurance against damages to the equipment resulting from accident.

We also offer other products

Marine Insurance

...

Group Personal Accident Insurance

Accidents can have damaging effects on our physical, financial and most importantly emotional being. Animal attack or slip & fall, ...

Workmen Compensation Insurance

This policy indemnifies the insured or its subsidiaries against all wage replacement and medical benefits to employees injured ‘in the ...

Money Insurance

Money Insurance policy indemnifies you for: Loss of Money. Loss of or damage to any safe or strong room in the Insured’s ...

Erection All Risks Insurance (EAR) Policy is designed to cover the risk of loss of or damage arising out of the erection and installation of machinery, plant and steel structures, including physical damage to the contract works, equipment and machinery, and liability for third-party bodily injury or property damage arising out of these operations.

Erection All Risks Insurance can be extended to cover:

Testing and Commissioning period, subject to a specified time limit, which is normally 2- 8 Weeks .
Maintenance period under the contract i.e. liability for loss or damage to the works during any maintenance period is usually covered, subject to a specified time limit, which is normally 12 months.

Key Benefits

Loss or damage to permanent and temporary works .

Loss or damage to materials, whilst on site and/or in transit.

Maintenance Up to 12 months after completion of contract.

We offer following add-on covers at additional cost:

Loss or damage to civil engineering work.
Loss or damage to erection equipment.
Loss or damage to erection machinery.
Removal of Debris.
Loss or damage to Principal’s existing property.
Loss or damage to Principal’s supplied material.

Key Exclusions

War, invasion, act of foreign enemy.
Nuclear reaction, nuclear radiation.
Willful act or willful negligence of the Insured or of his representatives.
Cessation of work whether total or partial.
Consequential loss of any kind or description whatsoever including penalties, losses due to delay, lack of performance, loss of contract.
Loss or damage due to faulty design.
Mechanical and/or electrical breakdown or derangement of construction plant, equipment and construction machinery.
Loss of or damage to files, drawings, accounts, bills currency, stamps, deeds evidences of debt, notes, securities, cheques.
Exclusion of all kind of Political risks including but not limited to the Terrorism & Sabotage.
Asbestos Clause.
Radioactive Contamination, Chemical, Biological, Bio-Chemical and Electromagnetic Weapons.
Date Recognition Clause.
Any direct or indirect loss by infectious disease, outbreak of epidemics & pandemics.

This is not an exhaustive list. Please refer policy wordings for detailed coverage, exclusions and conditions.

Download Section

– Erection All Risks - Proposal Form

Contractor's All Risk Insurance

We also offer other products

Marine Insurance

Group Personal Accident Insurance

Workmen Compensation Insurance

Money Insurance

Key Benefits

Key Exclusions

Download Section

Erection All Risk Insurance

We also offer other products

Marine Insurance

Group Personal Accident Insurance

Workmen Compensation Insurance

Money Insurance

Key Benefits

Key Exclusions

Download Section

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