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Tokio Marine's Interior Decoration Package is specially designed to protect you against the loss of or damage to the contract works of decoration, maintenance, and renovation at your shop and office. This insurance also covers you against legal liability in respect of third party bodily injury and/or property damage arising out of the contract works.

 
Features
  • Cover contract value up to HK$600,000
  • Public Liability to Third Party Limit up to HK$30,000,000
  • Policy period is maximum for 3 months plus 3 months of free maintenance period protection
    Cover any loss of or damage to the contract works during the maintenance period subject to a maximum of 3 months after completion of original works or the expiry date of the construction period whichever is the earlier.
  • Scaffolding works (not applicable to Employees' Compensation Section)
    By paying additional premium, the contract with scaffolding works, such as replacement of window or exterior piping subject to maximum 15% of total contract value, will be included. Works related to neon sign, exterior signboard, cage or cladding will not be covered.
  • Cover provided for building age up to 40 years
  • Free Extensions provided (for details please refer to the Extension summary)
 
Section 1 - Material Damage
Coverage
Provide "All Risks" cover for loss of or damage to your contract works or material caused by fire, water, burglary or explosion etc. during the working period. Items include flooring, tiles, wallpaper, woodenware, sanitary ware and other related decoration materials.
Free Extensions
1.
Removal of Debris
  Extend to cover cost and expenses necessarily incurred by you with our consent in
  1. removing debris,
  2. dismantling and/or demolishing,
  3. shoring up or propping of the portion or portions of the property insured of this Section destroyed or damaged by fire or by any other peril hereby insured against.
  Subject to a maximum 5% of total contract value
2.
Temporary Removal
 
Cover any loss of or damage to properties while in the course of removal by professional removers from temporary resident to the premises after completion of decoration and/or renovation.
 
Subject to maximum indemnity of HK$10,000, subject to excess of HK$2,000 for each and every loss.
 
Section 2 – Liability to Third Party
Indemnify you in respect of all sums which you shall become legally liable to pay for
  • accidental death, bodily injury, illness or disease suffered by any person arising out of the performance of the insured contract.
  • accidental loss or damage to physical property arising out of the performance of the insured contract.
Free Extensions
1.
Employer's Property Damage
 
Indemnify the insured contractor's liability against loss of or damage to the property belonging to the employer in the care or control of an insured contractor for execution of the contract.
 
Subject to maximum indemnity HK$1,000,000 for building and HK$100,000 for others.
2.
Vibration Cover
 
Cover the legal liability in respect of third party property damage arising out of vibration or removal or weakening of support of building during contract work.
 
Subject to a maximum indemnity of HK$2,000,000 in aggregate.
 
Section 3 – Employees' Compensation Insurance - Applicable to contract without scaffolding works only (Optional)
Indemnify you against legal liability under the Employees' Compensation Ordinance or at Common Law to pay compensation and claimants' costs and expenses in respect of injury sustained by any employee arising out of and in course of employment of such person by you in connection with the business and caused within HKSAR during the period of insurance, and will in addition pay all costs and expenses incurred with our written consent.
 
Premium Table
  1.CONTRACT WITHOUT SCAFFOLDING WORKS  
  Section I –
Total contract value not exceeding
Plan A
HK$150,000
Plan B
HK$300,000
Plan C
HK$450,000
Plan D
HK$600,000
 
Section II –
Liability to Third Party
Section
I & II
Section
II only
Section
I & II
Section
II only
Section
I & II
Section
II only
Section
I & II
Section
II only
  HK$ HK$ HK$ HK$ HK$ HK$ HK$ HK$
1.1 HK$5,000,000 1,200 1,000 1,500 1,250 1,900 1,500 2,400 1,750
1.2 HK$10,000,000 1,750 1,300 2,100 1,600 2,700 1,950 3,350 2,350
1.3 HK$15,000,000 2,000 1,600 2,550 1,900 3,250 2,250 3,900 2,700
1.4 HK$20,000,000 2,500 2,000 3,000 2,400 3,600 2,800 4,200 3,200
1.5 HK$30,000,000 4,000 3,500 4,250 3,650 4,500 3,750 5,000 4,000
  2.CONTRACT WITH SCAFFOLDING WORKS BUT NOT EXCEEDING 15% OF TOTAL CONTRACT VALUE  
  Section I –
Total contract value not exceeding
Plan A
HK$150,000
Plan B
HK$300,000
Plan C
HK$450,000
Plan D
HK$600,000
 
Section II –
Liability to Third Party
Section
I & II
Section
II only
Section
I & II
Section
II only
Section
I & II
Section
II only
Section
I & II
Section
II only
  HK$ HK$ HK$ HK$ HK$ HK$ HK$ HK$
2.1 HK$5,000,000 1,500 1,250 2,000 1,550 2,500 1,875 3,000 2,175
2.2 HK$10,000,000 2,150 1,625 2,800 2,000 3,500 2,475 4,175 2,925
2.3 HK$15,000,000 2,500 2,000 3,175 2,375 4,050 2,800 4,875 3,375
2.4 HK$20,000,000 3,200 2,750 3,750 3,000 4,500 3,500 5,250 4,000
2.5 HK$30,000,000 5,000 4,250 5,250 4,400 5,500 4,600 6,000 5,000
  3.EMPLOYEES COMPENSATION INSURANCE – APPLICABLE TO CONTRACT WITHOUT SCAFFOLDING WORKS ONLY (OPTIONAL)  
    HK$ HK$ HK$ HK$  
Contract without scaffolding works
(ECI levy not yet included)
1,500 2,100 3,150 4,200
 
 
Important Notes
  • Building age not exceeding 40 years
  • Any longer period of cover required is subject to additional premium and prior acceptance
  • Policy effective date must be confirmed by us before the commencement of policy
  • No refund of premium once policy is effected
  • Policy Period is maximum for 3 months plus 3 months of maintenance period
 
Major Exclusions
  • Any fault, defect, error or omission in or failure of any design plan or specification
  • Any defect in material or workmanship except resulting from an accident
  • Loss of use, liquidated damages, penalties, performance guarantees or other consequential losses
  • Loss or damage due to wear and tear, rust, mildew or other deterioration due to gradually operating cause
  • Liability arising out of or in connection with installation and/or demolishing of scaffolding works
  • Section 3: Employees' Compensation Insurance is subject to clause W32 which does not indemnify the Insured in respect of any claim arising out of or in connection with works at height exceeding 9 metres above ground or floor level
 
Excess
Section 1 - Material Damage
In respect of each and every claim
Plan A HK$5,000
Plan B HK$10,000
Plan C HK$15,000
Plan D HK$20,000
Section 2 - Liability to Third Party
In respect of each and every occurrence of loss of or damage to third party property we shall not be liable for the first:
Applicable to Limit of liability from HK$5,000,000 to HK$15,000,000
i.For building aged below 36 (from policy inception)
 
  • HK$10,000 in respect of employer's property.
  • HK$10,000 or 15% of loss whichever is the greater in respect of water damage to third party property.
  • HK$20,000 or 20% of loss whichever is the greater in respect of Vibration or Removal or Weakening of Support.
  • HK$10,000 in respect of third party property damage.
ii.For building aged from 36 – 40 (from policy inception)
 
  • HK$20,000 in respect of employer's property.
  • HK$20,000 or 20% of loss whichever is the greater in respect of water damage to third party property.
  • HK$20,000 or 20% of loss whichever is the greater in respect of Vibration or Removal or Weakening of Support.
  • HK$20,000 in respect of third party property damage.
Applicable to Limit of liability HK$20,000,000
 
  • HK$25,000 in respect of employer's property.
  • HK$25,000 or 20% of loss whichever is the greater in respect of water damage to third party property.
  • HK$25,000 or 20% of loss whichever is the greater in respect of Vibration or Removal or Weakening of Support.
  • HK$25,000 in respect of third party property damage.
Applicable to Limit of liability HK$30,000,000
 
  • HK$30,000 in respect of employer's property.
  • HK$30,000 or 20% of loss whichever is the greater in respect of water damage to third party property.
  • HK$30,000 or 20% of loss whichever is the greater in respect of Vibration or Removal or Weakening of Support.
  • HK$30,000 in respect of third party property damage.
 
The above product information is for reference only. For details of coverage, terms, conditions, and exclusions, please refer to the policy wording.