In order to protect the stakeholders interest, the relevant parties should consider a decoration insurance solution if they carry out any home decoration, shop or office rennovation, especially the <contractor all risk insurance > and employee compensation insurance.
decoration insurance covers the repair of properties due to accidents, as well as the legal liabilities incurred. In addition, property management companies requires properties owners, unit holders and contracters demonstrate the insurance proof before any decoration works.
Why decoration insurance
decoration insurance protect the incidents incurred by the construction works accidents, cover the repair of damages and loss, including construction materials, floor plates, wall paper, tiles, etc. and any loss during the construction period.
The insurance solution also cover the third parties liabilities, that is if there any injuries / death of the third party, the risk can be transferred to the insurance company, by sharing the compensation liabilty.
