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Contractors All Risk Insurance
This policy is specially designed to provide compensation to the insured in the event of physical damage to/or disruption of work in progress, contract work, construction plant and equipment and/or construction machinery and other similar items brought to the site,
Contractors All Risk Insurance
This policy is specially designed to provide compensation to the insured in the event of physical damage to/or disruption of work in progress, contract work, construction plant and equipment and/or construction machinery and other similar items brought to the site,
Who needs the policy?
- • Contractors
- • Firms commissioned to carry out the work, including subcontractors
- • Project owners
- • Parties financing the project
What does it Cover?
- • Fire and Allied Perils
- • Flood, Water Damage for Wet Risks
- • Collapse
- • Faults in erection/ construction
- • Human errors, negligence
Cover Exclusions
- • War and Nuclear risks
- • Willful Act or Willful Negligence of the Insured
- • Partial/total cessation of Work
- • Defective material or bad workmanship
- • Normal wear and tear
- • Normal Maintenance
- • Loss or damage due to faulty design
- • Contractual liabilities
- • Consequential losses
- • Human errors, negligence
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