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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