Shikhar Insurance
Property Insurance
Popular

Contractors' All Risk Insurance

by Shikhar Insurance

निर्माण सुरक्षा

कभरेज

अल-रिस्क (विशेष अपवाद बाहेक)

एक्सेस प्रकार

सामान्य एक्सेस र Collapse/AOG एक्सेस

सेक्सन

Material Damage & Third-Party Liability

Premium

रु. 25,000 रु./वर्ष

NPR/yr

Coverage

रु. 10 लाख (NPR 10 Lakh)

NPR

Description

A policy designed to protect contractors, principals, subcontractors and lenders for civil engineering projects (buildings, roads, bridges, dams, canals, tunnels, water supply etc.). Provides all-risk coverage for construction works against accidental damage, fire, flood, earthquake, collapse and similar perils, subject to specified exclusions.

Features
  • All-risk coverage (subject to specified exclusions)
  • Covers fire, chemical and physical explosions
  • Covers accidental damage during construction (dropping, falling, human error, negligence)
  • Includes water damage, flood, storm, earthquake, subsidence/landslide
  • Separate excess for collapse/Acts of God (AOG)
  • Section I: Material Damage (project cost, construction plant & equipment, debris removal)
  • Section II: Third-Party Liability (personal injury and property damage)
Highlights
  • Specifically designed for construction projects
  • Sum insured based on full project/contract value
  • Separate excesses for normal losses and collapse/Acts of God
Motor Insurance Details
Vehicle TypeTwo Wheeler
Own Damage Excess%
Towing CoverageNot included