For companies that rely, to a great extent, on the considerable and continuous use of plants, equipment or machinery to carry out their business, the risks involved are unique. It is for this reason that protection of these assets is crucial, and cover against liabilities arising from their use or against consequential loss following an accident, is considered most vital.
This policy is specifically designed to protect the interest of parties involved in a contract e.g. Principal / Contractors / Sub Contractors. Apart from the contract works itself, the Principals Surrounding Property as well as Third Party Liability can be covered under this policy. The policy can be taken either for individual projects or as Annual Policy to cover various projects within the parameters defined.