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TACTFUL KOLAS GENERAL BROAD 201701019705 (1233870A) 5th Floor, Angular Malaysian Re No.17, Long Dun gun, Mansard Heights, 50490 Kuala Lumpur Telephone No : 032723 9696 Fax No : 032723 9998 Website
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Ikhlas Contractors All Risks is an insurance policy designed to cover contractors against various risks associated with construction projects, including damage to property and liability for injuries or damages caused during the construction process.
Contractors and construction firms undertaking projects that involve significant financial investment and risk are required to file for ikhlas contractors all risks insurance.
To fill out ikhlas contractors all risks, contractors need to provide detailed information about the project, including project description, location, value, and the specific risks they are insuring against.
The purpose of ikhlas contractors all risks is to protect contractors from financial losses due to unforeseen incidents during construction, offering peace of mind and ensuring that projects can continue despite setbacks.
Information that must be reported includes project details such as scope of work, value of the project, duration, and any specific risks or coverage needs.
The specific deadline to file ikhlas contractors all risks in 2025 can vary based on the local regulatory requirements; generally, it should be completed before the commencement of the project.
The penalty for late filing of ikhlas contractors all risks may include fines, denial of coverage, or potential legal consequences, depending on the jurisdiction and specific regulations.
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