IRA Class 27 · General
Construction Insurance in Kenya
Specialist construction-project cover (CAR/EAR plus liabilities) under IRA Class 27.
What does Construction Insurance cover?
Combines Contractors' All Risks, Erection All Risks, advance loss of profit, third-party liability and delay-in-start-up cover for construction projects.
Who needs Construction Insurance?
Project owners, EPC contractors, civil and building contractors.
Examples of Construction Insurance policies in Kenya
- Real-estate development CAR
- Power-plant EAR
- Roads & bridges project cover
Frequently asked questions
How does construction insurance differ from engineering insurance?
Class 27 is project-specific and bundles property and liability for the duration of construction; Class 10 covers ongoing operational machinery and electronic-equipment risks.
Regulation
Construction Insurance is licensed under Class 27 of the Insurance Act (Cap 487) and supervised by the Insurance Regulatory Authority (IRA). Only insurers holding a current Class 27 licence may underwrite this cover in Kenya.