Construction & Engineering Insurance
If you are a property developer or a building contractor, you are likely aware of the high risks involved during installation or construction. While you manage vital resources like materials and equipment that are essential to your business, we can help you manage another important issue: unexpected events such as theft, injuries, or damages.
As one of the country’s leading business insurers, we understand the risks inherent to the construction and engineering industry. It is our job to protect your construction works, machine installations, or electrical installations from any losses or damages during the project period. With this insurance, we cover your assets against any unforeseen, sudden, and physical losses or damages as a result of third-party injuries, collapse, floods, and other forms of accidental damages during the construction or installation period.
While you carry out the work required within the contract period, we will be at your side covering your ongoing work, construction plant, materials, and equipment on-site, as well as any third-party liabilities. This insurance also covers compensation for bodily injuries inflicted on a third party or property damages caused by accidents should you be held legally responsible.
With Sompo Insurance, you can focus on your project knowing that you’ll be covered while you and your team are on the clock.
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