Here are some key features of our product:
Choose the right plan for your business.
Renovation Contractor Suite
Service Contractor Suite
Small Construction Suite
Here’s how Contractor Suite insurance protects your business
Duration of coverage
Up to 12 Month Contract Period plus up to 12 Months Defects Liability Period / Maintenance Period
Limits of coverage
|Contract Value / Contract Works Limit||Up to $1,500,000|
|Removal of Debris Limit||5% of Contact Value / Contract Works Limit|
|Professional Fees Limit||10% of Contract Value / Contract Works Limit|
|Principal’s Existing Properties Value Limit||Up to $1,000,000|
|Third-Party Liability Limit||Up to $5,000,000|
|Section 1||Limits / Excess|
|Automatic Reinstatement||Not Applicable|
|Cost of Recompiling Records and Claims Preparation||10% of Contract Value / Contract Works or $100,000 whichever is lower|
|Cover for Insured works taken over or put into service||Not Applicable|
|Designer's Risk (Resultant Damage Only)||Not Applicable|
|Employees Personal Effects and Tools||$500 per employee and $10,000 in the aggregate|
|Escalation Clause||10% of Contract Value / Contract Works|
|Extra Charges for Airfreight||10% of Contract Value / Contract Works, or $100,000 whichever is lower|
|Extra Charges for Overtime, Night Work, Work on Public Holidays & Express Freight||10% of Contract Value / Contract Works, or $100,000 whichever is lower|
|Free Issue Materials||10% of Contract Value / Contract Works, or $100,000 whichever is lower|
|Inland Transit||10% of Contract Value / Contract Works, or $100,000 whichever is lower Any One Conveyance / Aggregate|
|Loss Payee||Where Applicable|
|Marine 50/50||Not Applicable|
|Offsite Fabrication/Temporary Storage||10% of Contract Value / Contract Works, or $100,000 whichever is lower Any One Location / Aggregate|
|Payment on Account||Not Applicable|
|Plans and Documents||Maximum limit of $10,000|
|Principal's Existing Property||As specified in the Policy Schedule|
|Professional Fees||10% of Contract Value / Contract Works, Max $150,000|
|Public Authorities||Not Applicable|
|Removal of Debris||5% of Contract Value / Contract Works, Max $75,000|
|Strike, Riot and Civil Commotion||Not Applicable|
|Temporary Works||Not Applicable|
|Time Adjustment (72 Hours)||Not Applicable|
|Section 2||Limits / Excess|
|Consultant’s, Principal’s representative and Government and Statutory Board Employees are deemed as third parties||Not Applicable|
|Cross Liability including Waiver of Subrogation against Named Insured/Principal||Not Applicable|
|Loading & Unloading||Not Applicable|
|Non Negligence (RIBA)||Third Party Limit of Liability as specified in the Policy Schedule or S$1,000,000 whichever is lesser, Any One Accident / Aggregate|
|Non Owned Vehicles||Private Vehicles Only|
|Plant and Machinery||Not Applicable|
|Underground Services||Third Party Limit of Liability as specified in the Policy Schedule or S$1,000,000 whichever is lesser, Any One Accident / Aggregate|
|Vibration, Removal and Weakening of Support||Third Party Limit of Liability as specified in the Policy Schedule or S$1,000,000 whichever is lesser, Any One Accident / Aggregate|
|Section 1 and 2||Limits / Excess|
|Automatic Extension (30 Days)||Subject to Additional Premium|
|Cessation of Work (30 Days)||Not Applicable|
|Extended Maintenance Clause||Where Applicable|
|Jurisdiction Clause||Not Applicable|
|MR112 Fire Fighting Facilities||Not Applicable|
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