Contractors All Risk Insurance

The policy broadly covers risks, which a civil construction project is exposed to

Contractors All Risk Insurance Policy

Specially designed to protect the interest of civil contractors against the damage to or destruction of various civil engineering projects (like dwellings, office, hospitals, tunnels, canals etc).

It covers the risk of damage to or destruction of various civil engineering projects

Offers additional covers such as Clearance & removal of debris

Premium can be collected in installments if the period of insurance is more than 12 months

These projects include accidental damage to civil Construction works, contractor's plants & machinery

Coverage includes fire and lightning

Excluded loss or damage due to War or Warlike operations, Civil Commotion etc.

Excludes Loss or damage due to Wilful act or Negligence

What it covers?
Exclusions

What it covers?

Fire and Lightning
Accidental damage like defective workmanship and material, lack of skill, Negligence, Malicious act or Human error
Water damage, Flood, Storm, Tempest, Inundation
Collapse, Collision, Impact
Theft & Burglary
Subsidence, landslide, Rockslide

Exclusions

Loss or damage due to War or Warlike operations, Civil Commotion etc.
Loss or damage due to Wilful act or Negligence of the Insured or of his representative
Loss or damage due to Nuclear reaction, Nuclear radiation or Radioactive contamination
Loss discovered only at the time of taking an inventory
Loss or damage due to normal wear and tear, Gradual deterioration due to atmospheric conditions or lack of use, Rust
Loss or damage due to faulty design

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Contractors All Risk Insurance