Contractor-All-Risk Insurance

AIICO’s Contractor-All-Risk policy is specifically designed to cover constructions and construction activities with a view to protecting materials, fixtures and equipment being used.

This policy covers contract work (both permanent and temporary works including all materials to be incorporated).
It also protects the insured against all sums they may become liable to pay for damage in respect to:

  • death or bodily injury or illness or disease of any third party
  • loss or damage to third party’s property
  • loss of amenities, as a result of obstruction to third parties trespass or nuisance
  • denial of access, interference with light, air, water way and any other form of third party liabilities.

The policy coverage are in two parts:

Section I: Material Damage:

In case any danger you didn’t plan happens or any physical loss or damage to any of the equipment insured from any cause except anyone that is not on the list of what we mentioned earlier.

Section II: Third Party Liability:

The policy will also indemnify the assured against such sums which the insured shall become legally liable to pay as damages for:

  • accidental bodily injury to or illness of third parties (whether fatal or not).
  • accidental loss of or damage to property belonging to third parties.

Who purchases this cover?

This is for corporate and business owners.

Speak to an AIICO Staff or Agent today. You may also reach us via our website; Contact us on

About Us

AIICO Insurance Plc., is the leading life insurer in Nigeria.

Founded in 1963, AIICO provides life and health insurance, general insurance, investment management and pension management services as a means to create and protect wealth for individuals, families and corporate customers.