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Lonpac Insurance Bhd
is licensed by Bank Negara Malaysia under the Malaysian Insurance Act
1996 to transact all classes of general insurance.
CONTRACTOR'S ALL
RISK
The policy indemnifies the insured against loss or damage to the construction
works, construction plant and equipment. Insured's legal liability as
a result of injuries or death to third party and loss or damage to property
of third party caused during the execution of the works is also covered.
ERECTION ALL RISK
The policy indemnifies the insured against loss or damage to the erection,
testing or commissioning of the equipment. The insured's legal liability
as a result of injuries or death to third party and loss or damage to
property of third party caused during the execution of the project is
also covered.
WORKMEN'S COMPENSATION
The policy indemnifies employer under the Workmen's Compensation Act in
respect of injuries or death suffered by his employees arising out of
or in the course of their employment.
PERFORMANCE ADVANCE
BOND
The Insurers guarantees the Principal of a project that they will be financially
compensated as a result of failure of the insured to complete the project
as per terms of the contract.
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