Digital Services

Easy for you to access your insurance policy via our digital platform

Premium Rating

Based on Total Contract Value (TCV) upon completion which includes:

I. Engineering Costs
Cost of goods or works of suppliers (i.e., material cost) including:
Tax, custom duties
Insurance cost, transportation cost
Cost of construction/ erection (i.e., labor cost)
Various other costs (e.g., commission)

II. Service Equipment Supplied by the Principal

Construction/Erection Period Works Period
Commences

  • Directly upon commencement of work or
  • At the time after the unloading of subject matter of insurance from the conveyance on the site

Expires
At the time when the works are taken over by the principal or put into service or the date specified in the schedule

Policy Term

Maximum policy term 1 year (Renewable on a yearly basis)