This policy covers the perils that the contractors are exposed to while implementing the projects. This coverage is divided into two parts:

1. Provide indemnity for the losses resulting from the following risks: natural disasters such as flooding, inundation, earthquakes, and storms in addition to the regular risks such as fire, theft, etc.
2. Compensate third parties within the limits agreed to in the policy schedule for any damage the insurer might have accidently caused to third parties

Optimum Global