Contractor All Risks Insurance

Contractor All Risks Insurance

While construction spans a diverse range of civil engineering works for residential, commercial and infrastructural purposes, it has become more complex and high- tech activity than ever before. The construction site involves huge machinery and large number of workers. Accidents, including personal injuries and property damage, happen all the time, and these accidents cost money to the contractor. Moreover, accidents affect the project schedule. Thus a comprehensive cover is required to protect principal, contractors or subcontractors against material damage and legal liability falling on the insured.

We arrange Insurance solutions that cover

Section I (Material damage)
  • Sudden and unforeseen physical loss, damage or destruction of the property due to any cause other than those specifically excluded in the policy. Some of the covered perils are fire and allied perils, burglary, human errors, short circuiting, etc.

Section II (Third-party liability)
  • The legal liability falling on the insured contractor as a result of bodily injury or property damage suffered by a third party.