Construction
Insurance Malaysia, Contractor All Risk Insurance Malaysia, Erection All Risk
Insurance Malaysia, Engineer Insurance Malaysia,
Arranged
By
ACPG
Management Sdn Bhd
+603-92863323
Construction
Project Risk Management
A
structural collapse, collision, fire or explosion can cause significant damage
for a Construction project.
Equally,
a severe natural hazard event or unplanned ground settlement can cause
significant damage to the project.
All
of these material damages can also mean major interruptions and potential
delays to start-up as completion dates are pushed out.
Construction
projects are always changing through their lifecycle which means the project
risk profiles are also continually changing.
This
is often a key reason why gaps in risk management occur, even with established
risk management approaches.
Our
ACPG principal insurer Risk Engineers are trained to spot areas where losses
may occur or where there is a potential exposure.
They
will make recommendations so you can address these areas before they become a
problem.
ACPG
principal insurer Risk Engineers work with our customers and underwriters to
identify risk improvement advice that cost effectively mitigates the risk to
the business.
We
look for bespoke solutions, tailored to the needs and culture of the customer’s
specific circumstances.
Our
ACPG principal insurers risk assessment approach for Construction uses a
globally standardised set of risk factors to identify and assess levels of
exposures and controls.
These
risk factors are applied appropriately for the specific type and methods of
construction.
ACPG
principal insurers Risk Engineering and Underwriting have expertise in the
following industries and sectors:
Public
infrastructure – roads, bridges, tunnels, rail, dams, desalination plants,
water and wastewater
Ports
– coal and ore loading terminals, container terminals
Energy
and mining – oil, gas, petroleum, coal, iron ore, precious metals
Power
generation – coal-fired, gas-fired, hydroelectric, solar, wind, nuclear
Manufacturing
and processing plants
Buildings
– large commercial buildings.
Value-added
solutions:
Risk
Assessments
Our
ACPG insurer approach for Construction site risk assessments uses a globally
standardised set of risk factors to identify and assess levels of exposures and
controls.
These
risk factors are applied according to the specific type and methods of
construction.
ACPG
Construction Project insurance options
CAR
- Construction All Risks
Covers
material damage loss arising from contract works on site, transit to or from
the contract site (other than by sea or air), contract works stored away from
the contract site. It typically covers parties such as the principal
contractor, subcontractors, and in some cases suppliers and manufacturers of
equipment.
EAR
- Erection All Risks
Covers
loss arising out of the erection and installation of machinery, plant and steel
structures, including physical damage to the contract works, equipment and
machinery.
DSU
- Delay in Start Up
Covers
delay in start-up costs associated with a CAR or EAR loss.
ALOP
- Advance Loss of Profit
Covers
advance loss of profit costs associated with a CAR or EAR loss.
ACL
– Advance Consequential Loss
Covers
advance consequential loss costs associated with a CAR or EAR loss.
Annual
Construction Policies
Covers
smaller construction project works up to a certain value as an annual policy.
Construction
Third Party (Public) Liability
Covers
third party personal injury or property damage as a result of negligence
associated with works being undertaken. This can be covered in conjunction or
combined with CAR and EAR policies.
Project
Cargo
Covers
risks of loss or damage to goods and merchandise while in transit by any method
of transport – sea, rail, road or air - and while in storage anywhere in the
world en route between the points of origin and final destination for
construction projects. This can be covered in conjunction or combined with CAR
and EAR policies depending on the extent of the shipment and the cover
required.
Malaysia
Insurance Services, Malaysia General Insurance, Malaysia Commercial Insurance,
Malaysia Medical Insurance
Arranged
by
ACPG
Management Sdn Bhd
Malaysia
Experience Commercial Insurance Risk Management Solution Provider since year
1989.
ACPG
Careline +603-92863323
enquiry@acpgconsultant.com
