Contractor All Risk Insurance Services

Covers civil engineering projects such as building, roads, airports, flyovers, water tanks, sewage treatment plants etc. Unless specifically excluded, this all risk insurance covers accidental physical loss or damage to contract works during the execution of a civil engineering project.

Coverage begins from the commencement of work or after unloading of the first consignment at the project site, whichever is earlier, and terminates on handing over of the works to the principal or on expiry of the policy, whichever is earlier.

Standard Exclusions:

• War and nuclear risk
• Contractual liabilities
• Rectification of defective material and/or bad workmanship
• Inventory losses
• Normal wear and tear
• Consequential losses
• Loss or damage due to faulty design