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Claude Said:

Is All risk Insurance policy not covers Technical services rendered by contractor? pls kindly clairfy ?

We Answered:

First of all, there is no such thing as an all risk policy. It doesn't exist. Second, when people talk about it, it refers to PROPERTY coverages, not liability coverages.

Technical services rendered by contractor, sounds like LIABILITY exposure.

And, it sounds like PROFESSIONAL liability, not general.

So, There's your clarification. Property insurance doesn't cover professional liability, neither does general liability, and there's no such thing as a true "all risk" policy.

Marsha Said:

what is contribution of risk insurance?

We Answered:

you get your investment back you can start afresh.

Ted Said:

How much will be the Contractors All Risk Insurance premium of a $1,300,000 Project?

We Answered:

It really depends on the job and your own insurance history.

You should get a few quotes. Or go to a broker who can get a variety of quotes for you.

Cory Said:

Where can I get the study material on the intricacies of Contractors/ Erection All Risk Insurance Policy?

We Answered:

You can find most of the thing about intricacies of Contractors at the website of CPWD, Govt of India. Regarding the insurance policy, though I am not sure, but a good source to obtain correct and detailed information is any industrial insurance provider, you can also check with Oriental Insurance/GIC etc.

Steven Said:

Statistics: How to calculate an insurance risk premium?

We Answered:

Well it sounds like you need the value of the home to solve this, but assuming the home is worth 90,000 then you can use Expected Value.

Expected Value = 0.001*90000 + 0.01*45000
= 90 + 450 = 540

The policy is worth 540$ then, so they should charge 594 to be 10% above breakeven.