Sagarmatha Insurance Company Limited
Bhagwati Marg, Naxal, Kathmandu
Contractors all risks policy covers damage to any construction or refurbishment works. Cover is divided into 2 sections the first section would cover damage to the property where the works are being carried out whilst the second section will cover damage to third parties resulting from these works.
• Material Damage
Covers any unforeseen and sudden physical loss or damage from any cause (other than those specifically excluded) to contract works or construction plant, equipment and/or machinery.
• Third Party Liability
Covers Insured’s legal liability to pay damages consequent upon accidental third party bodily injury and/ or property damage,which is in direct connection with the contract works and happening on or in the immediate vicinity of the contract site.