ACTIVE CONSTRUCTION BUSINESS INSURANCE
In your day-to-day business, you should have support with your contractual bonds and guarantees to fall back on. With the ACTIVE CONSTRUCTION BUSINESS INSURANCE, we will be able to support your business to preserve your contractual agreements.
• Active Construction All Risks (CAR)
• We cover all risks related with construction projects from the beginning to the end.
Coverage:
• Physical damage to the property
• Third-party injury or damage claims
• Natural disasters or bad weather affecting the construction site
ACTIVE BONDS INSURANCE
This cover is available for various types of bonds including:
ACTIVE BID BONDS – This cover is to assure the project owner that the contractor will stick to the price quoted on the contract and will not change it after contract signing.
ACTIVE PERFORMANCE BOND – This cover assures the project owner that the contractor will deliver as promised on the contract. This will protect the project owner from losses occurred due to under-performance of the contractor.
ACTIVE ADVANCE PROJECT BOND – This cover assures the project owner that the contractor will use funds appropriately if paid in advance.
ACTIVE MAINTENANCE BOND – This type of bond protects the project owner of a completed project against faults or defects in workmanship for a particular
period of time, material that could arise later if the project was not well-done.