CARI for Projects in BGC
Contractor's All Risk - Fit-outs for offices or retail stores
Starting your home or office fit-out or renovation in Bonifacio Global City (BGC)?
Is the property management or building administration requiring a Contractor’s All Risk Insurance policy?
This type of insurance policy protects your project, the contractor, and the building itself and its nearby occupants for possible liabilities during the fit-out period.
The main coverages of a Contractor's All Risk policy are:
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Material Damage - covers damages and losses to the project in case of fire, earthquake, typhoon, flood and other perils , ensuring that the project is protected in case of unforeseen events.
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Third Party Liability - covers damages to other persons properties, or injuries to other persons as a result of the contractor's negligence, giving additional peace of mind to the contractor or the project owner.