PROJECT INSURANCE
CAR & WC
Better Rates. Better Terms.
Better Outcomes for Your Project.
PROJECT INSURANCE
The Construction Project All Risks Policy has been designed specifically for employers undertaking a construction project to meet your contractual obligations whilst protecting your investment in the project Wherever there are the construction of buildings, civil works, engineering work or renovation work there would be risk of losses or damages.
The Construction Project All Risks Policy has been designed specifically for employers undertaking a construction project to meet your contractual obligations whilst protecting your investment in the project and any constructional plant you owned or hired.
WHY CHOOSE US?
A FULL SERVICE
Let us obtain comparison quotes for all types of insurance on your behalf.
INSURANCE TECHNICAL
We complement any gap in your Insurance technical knowledge with our expertise.
INSURANCE CLAIMS
Resolving your insurance claim challenges while securing fair compensation in a timely manner
COSTS SAVING
We leverage negotiation positions for competitive rates and better coverage terms.
FAST TRACK CLAIM
Year 2025 Average Settlement Period : 1.5 months
(Last five (5) years records)
Year | Total Case | Total Amount (RM) | Average Month |
|---|---|---|---|
2021 | 140 | 1,305,458 | 1.7 |
2022 | 235 | 1,707,121 | 1.8 |
2023 | 148 | 2,799,925 | 1.6 |
2024 | 198 | 2,589,388 | 1.5 |
2025 | 168 | 2,758,931 | 1.5 |
TESTIMONIALS
CLAIM STORIES
#11: Contractor All Risks – Theft Case
OMG! Total stolen item worth
M150,000++
The Theft happened at a newly completed Sewerage Treatment Plant. Stolen equipment included blowers, elm motors, gear motor, control panels, lightning arrestor, copper wiring etc.
Claim approved within 45 days with final offer of RM117,000++.
Adjuster findings, the installed equipment was heavy and large, and the theft incident may not be happening in one (1) day. It could be 2 incidents or more.
How to Achieve Fast Claim Approval (Even for Large Claims)
1. The Insured’s Role
Prompt claim notification
Full cooperation with the adjuster
Submit claim form and required documents without delay
2. The Agent’s Role
Provide professional advice
Closely monitor and follow up on the claim
Leverage strong insurer relationships and fast-track claim privileges.
#48 – Theft of Electrical Cables
The insured reported a theft of electrical cables belonging to a subcontractor at the work site.
The total claim submitted was RM192K++
An adjuster was appointed, and the adjusted offer was as follows:
1. The adjusted claim amount was RM79K++ after deducting RM20K for the deductibles.
2. The Adjuster applied a 50% for the subcontractor’s contribution.
3. The servicing agent appealed to the adjuster, informing that the Contractors All Risks (CAR) insurance purchased by the main contractor included all sub-contractors’ work.
Finally, a revised claim offer for RM159K++ was received. The 50% subcontractor’s contribution was removed.
a. There are no mandatory clauses requiring the subcontractor to purchase a separate Contractors’ All Risks (CAR) insurance under the Letter of Award (LOA).
b. All subcontractors’ work is covered under the master CAR policy brought by the main contractor.
c. It is unreasonable to impose the contribution requirement against the subcontractor.
d. The standard practice regarding “claim contribution” involves applying a policy against another policy to share the costs of the claim paid, if the subcon has a separate CAR policy.
e. A correct understanding and interpretation of the terms and conditions is essential.
f. The outcome of the claim must be fair to both parties: the insured and the insurer.
Ready to Get Your Projects Covered?
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We provide coverage options for Car Insurance, Motorcycle Insurance, Travel Insurance, and Project Insurance helping you protect what matters most.
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- +603-2162 2515
- insurance@edindings.com