निर्माण सुरक्षा
कभरेज
अल-रिस्क (विशेष अपवाद बाहेक)
एक्सेस प्रकार
सामान्य एक्सेस र Collapse/AOG एक्सेस
सेक्सन
Material Damage & Third-Party Liability
Coverage
Min Coverage
रु. 1,000,000
Max Coverage
रु. 100,000,000
Claim Settlement Rate (Shikhar Insurance)
93.92%Claims Paid: 4,823Claims Outstanding: 312
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