Contractors' All Risk Insurance
Property Insurance
About this plan
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.
What's included
Key highlights
- Specifically designed for construction projects
- Sum insured based on full project/contract value
- Separate excesses for normal losses and collapse/Acts of God
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)
Plan specifics
- Vehicle type
- Two wheeler
- Own damage excess
- null%
- Towing coverage
- Not included
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