About Construction Insurance The construction insurance provides indemnity to the insured for loss or damage to the construction woks, plant and machinery and liability to their parties. There are two principal policies namely, contractors all risks and erection all risks. Covers Available This policy seeks to provide comprehensive and adequate protection against loss or damage in respect of the contract works, construction plant and equipment and/or construction machinery, as well as third party claims in respect of property damage or bodily injury arising in connection with the execution of a building project. Hints & Tips Like the contractors all this policy covers contact works, construction plant and equipment i.e. risks of loss or damage in respect of the works , plant and / or m machinery) and the third party liabilities arising therefrom.