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Contractor All Risk Insurance

What is Contractor All Risk Insurance?

Contractor All Risk Insurance is part of our Commercial Insurance policies. Are you a contractor involved in construction? Are you aware of all the risks involved on your site?

With the growth of the construction sector in the GCC and the UAE in particular, contractors are awarded contracts worth millions of dollars that carry inherent risks.

A number of issues could go wrong within a construction project, this includes:

  • Damage to existing structures
  • Machinery
  • Tools
  • Injuries

..and much more. The list could be quite extensive and the last thing any contractor needs is an accident where the contractor’s income is lost to such incidents.

How does Contractor All Risk Insurance work?

In order to help mitigate such risks, a Contractor All Risk insurance policy can prove to be of invaluable importance as it protects and covers losses in cases of unforeseen damage.

The policy can also cover:

  • Public liabilities
  • Installations of machinery and tools
  • Existing structures and anything built on those structures.

In short this policy can provide coverage against a large number of risks that could affect the course of a project.

Contractor All Risk insurance policy may be imposed on the contractor as an insurance requirement within the contract issued by the principal. However, even if its not, it covers any liability while working on a construction site.

At Petra Insurance Brokers, we understand the many aspects and risks involved in projects, and we take the time to study each client’s requirements to provide them with the best options available and protect their companies from risks associated to their specific environment. Petra’s job is to bring clarity into each person’s life whether that’s on an individual or business basis.

Lenin Raphael
Lenin Raphael
2024-05-15
Just purchased my second car insurance policy from Ishan Ullah. Great Service. Proactive. Responsive. Highly Recommended! Looking forward to coming back to Ishan next year for my third policy. Thanks Ishan!
Zahid Iqbal Sheikh
Zahid Iqbal Sheikh
2024-05-02
I bought a car insurance from here and the experience was smooth. I was assisted by Mr. Prathvi Singh along the way. Despite a minor issue, he was able to handle the issuance properly with his responsiveness and proficiency. I truly appreciate their dedication to client satisfaction. Highly recommend!
sakthi kumar
sakthi kumar
2024-04-29
Good Followups & very friendly
Salman Ali Shahid
Salman Ali Shahid
2024-04-29
We have been dealing with petra for a very long time. A problem that occurred to our building. And Mr. Adrian was the person in charge who had to complete all the tasks. He has completed his required job and he has done an excellent work due to which we have ontained our refunds back from the insurance. And also the required approvals on timister. Adrian was well prompt office work and also was very. Quick and responding to all the corespondence Either through WhatsApp or email promptly, so the appreciation goes towards the good job done.
Sam Sadmi
Sam Sadmi
2024-03-13
Don’t know much about Petra but I know Hero as I dealt with him for many years. Also before he joined Petra. Very reliable and great service. So for me it’s about the people that you work with.
saji velayudhan
saji velayudhan
2024-03-12
Recently I had purchased vehicle insurance policy through Petra insurance broker LLC. My insurance advisor Mr. HERO BULACAN really put his maximum effort for my requirements and assisted in getting an optimum policy. It is worth mentioning that I was also approached other brokers, but unable to get a good deal. Mr. Hero is very transparent and prompt in response. Getting an agency repair within your budget is a challenging task which Mr. Hero has done it in a systematic manner. Thanks for that.
Sonya Coates
Sonya Coates
2024-03-12
Hero is, absolutely amazing he has been my broker for years I have followed him everywhere. Highly recommend him and his new company Petra. Thanks Hero you really are our family hero ha ha
Mohannad Alkhofash
Mohannad Alkhofash
2024-03-11
Excellent experience with Petra Insurance Broker! Their service is top-notch, and the website is user-friendly. Special thanks to Prathvi for making the process smooth and being incredibly helpful.
Natasha Wanda Noval
Natasha Wanda Noval
2024-03-09
This is to express my sincere gratitude for the exceptional service we received during our recent motor insurance renewal. I would like to specifically thank Nishad and Prathvi for going above and beyond to assist us even if it’s weekend. Their willingness to help made the renewal process smooth, efficient and just be on time of our renewal date. Thank you once again for the outstanding customer service.

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