Contractors' All Risks Insurance


This insurance plan provides comprehensive protections to construction companies and, as well as principals engaging the services of a construction company. All scales of contracted works are applicable, from large-scale construction projects like high-rise buildings and highways to small-scale jobs such as household or shop renovations.

Product Highlights

Protections for Finished Works, Raw Materials and Third Party Liability

Contractors' All Risks Insurance mainly covers two sections:

  • The first section covers accidental damage to the contracted projects, including finished works and works-in-progress, and the raw materials for those projects. If the works sustain accidental damage caused by fire, flooding, etc., the insurance company will provide compensation to the client.
  • The second section protects the construction company and the principal's legal liability against death or bodily injury or property damage to a third party due to negligence while performing the contracted work.



  1. The above information is for reference only and will not constitute any part of the insurance policy document. Please refer to the official insurance policy document for detailed terms, conditions and exclusions of this insurance plan.
  2. The above insurance plan is underwritten by Paofoong Insurance Company (Hong Kong) Limited ("Paofoong Insurance"), which is authorised and regulated by the Commissioner of Insurance of the HKSAR.
  3. Shanghai Commercial Bank Limited ("the Bank") is an appointed insurance agent of Paofoong Insurance.
  4. In respect of an eligible dispute (as defined in the Terms of Reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) between the Bank and the customer arising out of the selling process or processing of the related transaction, the Bank will enter into a Financial Dispute Resolution Scheme process with the customer; however any dispute over the contractual terms of the product should be resolved directly between the customer and Paofoong Insurance.
  5. Contact details of Paofoong Insurance:
    Office address: 28/F, Two Landmark East, 100 How Ming Street, Kwun Tong, Kowloon, Hong Kong
    Telephone number: (852) 2290 3580
    Fax number: (852) 2626 0704.
  6. In case of any discrepancy between the English and Chinese versions of the above information, the English version shall prevail.
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