Document background
The Contractor All Risk (Insurance) contract is a crucial document in the Philippine construction industry, designed to provide comprehensive insurance coverage for construction and infrastructure projects. It is typically required for medium to large-scale construction projects and is often mandated by project financiers or owners. The document complies with the Insurance Code of the Philippines and related regulations, incorporating local construction standards and risk management requirements. It covers material damage to works, third party liability, and can be extended to include additional risks specific to the project. The policy is structured to protect all stakeholders involved in the construction process, from the main contractor to sub-contractors, and typically spans the entire construction period plus a maintenance period.
