Products

We offer the construction industry customised and comprehensive products and solutions and have a proven track record in terms of innovation. We are continuously researching the market to produce superior products that are tailor made for the construction industry’s needs.

Our Products

We offer the construction industry customised and comprehensive products and solutions and have a proven track record in terms of innovation. We are continuously researching the market to produce superior products that are tailor made for the construction industry’s needs.

Contractors All Risks (CAR)

CAR insures against accidental physical loss or damage to the insured property on an all risks basis against elemental perils, fire and theft as well construction related accidents associated with building and civil engineering construction. The terms and conditions of the various contracts are defined in the wording of the contract and in most instances, lays out the responsibilities of who is responsible for the insurance on a particular project. The CAR policy covers the Employer, the contractors and sub-contractor’s work and material. The policy also extends to cover third party property damage or injury originating from the insured contract. 

Erection All Risks (EAR)

EAR insurance covers physical loss or damage to plant and machinery whilst being erected, positioned or dismantled or during storage, transit or maintenance. The insurance cover can be extended to Public Liability cover.

Project Delay / Advanced Loss of Profits (ALOP)

ALOP covers the financial risk associated with a delay in project completion which typically includes loss of gross profit, loss of rental income, loss of standing charges etc.  subject to the contract being insured through C&G

Plant All Risks (PAR) 

PAR cover can be arranged on various types of construction plant and equipment. The cover is normally limited to site or whilst in transit and covers against loss or damage due to unforeseen physical loss or damage as a result of external causes to owned or hired-in/hired-out plant and equipment. The policy can be extended to Third Party liability damage and we further offer personal accident insurance that is unique to C&G.

Electronic Equipment (EE)

EE covers against accidental loss or damage to various types of electronic equipment such as computers, PABX telephonic systems, and more specialised equipment. The cover can also be extended to business interruption, increased costs of working and reinstatement of data

Engineering Insurance / Machinery Breakdown (MB)

MB insurance insures against sudden and unforeseen physical damage to the insured machinery whilst at work or at rest. The cover can be extended to insure against business interruption, increased cost of working or deterioration of stock following damage as defined in the policy.

Contruction Guarantees

Contractors are required to provide guarantees as a condition when awarded a contract. There are various types of bonds/guarantees that are requested by the Employer/Owner of the contract.

Types of Bonds/Guarantees

  • Bid Bond/Guarantee
  • Advance Payment Bond/Guarantee
  • Performance Bond/Guarantee
  • Retention Bond/Guarantee

Renewable Energy Guarantees

Contractors are required to provide guarantees as a condition when awarded a contract. There are various types of bonds/guarantees that are requested by the Employer/Owner of the contract.

  • Bid Bond/Guarantee
  • Advance Payment Bond/Guarantee
  • Performance Bond/Guarantee

Retail Fuel Guarantees

The Retailer (Service Station) has to provide the Fuel Company with a Fuel Guarantee to enable the service station to trade on a debit order payment system. The service station will be able manage their cash flows more efficiently if a guarantee is provided to the Fuel Company. In the absence of a Fuel Guarantee, the service station has to pre-pay in the form of hard cash or provide the fuel company with a bank guaranteed cheque before an order is placed for fuel.

Contact Us

Address: First Floor, EY Building 2,
102 Rivonia Road, Sandton 

Phone: +27 11 669 1000

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

 

Copyright 2017.

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