A builder/contractor needs insurance protection on the project he is working on during the construction period due to losses against unforeseen perils such as fire, earthquake, flood and other acts of nature including lack of skills, negligence or human error. With no insurance coverage in place, the continuation of the project may be put in jeopardy due to shortage of financial resources to restore the damaged portions.
Good thing Milestone Insurance offers the Contractor’s All Risks Insurance Policy that provides insurance protection to the builder/contractor on the project he is working on, (i.e) residential condominium, office, school, hospital, theatre, factory, and powerplant buildings, road, bridge, pier, flood control, irrigation, dam, water supply and drainage. This will relieve him of worries that the project might suffer due to material damage because he will be able to claim for the losses sustained against any of the insured perils.
