Civil Engineering Completed Risks

Engineering projects involve enormous amount of cost, man power and resources.

Under This policy, HDFC Ergo covers your civil engineering projects against fire and natural hazards after construction is completed

  • CECR is annual named peril policy for civil engineering structures like Bridge, Dam, Jetties, Canal, Tunnel, Water Reservoirs, Runways, Water Pipelines etc.
  • In event of loss policy indemnifies to repair/ reinstate the structure subject to policy conditions.
    • Fire.
    • Lightning.
    • Explosion/Implosion.
    • Riot, Strike, Malicious Damage and Terrorism as per Riot, Strike and Malicious damage clause printed hereon.
    • Impact by any Rail/Road or water borne vehicle or animal.
    • Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood and Inundation, Wave action of water.
    • Subsidence and Landslide (Including Rockslide) damage.
    • Earthquake Fire and Shock (Including flood due to earthquake), Tsunami
    • Frost, avalanche, ice.
  • Removal of Debris
  • Sum Insured should represent their new replacement values
  • Premium depends upon nature/type of construction and area of construction site.
  • The policy is subject to a compulsory excess.
  • The policy does not cover loss or damage due to:
  • Nuclear reactions, Nuclear radiation or radioactive contamination
  • Political risks
  • Willful act or willful negligence
  • Wear and tear
  • Inherent defects
  • Inherent defects, wear and tear, gradual deterioration, expansion or contraction of insured items due to changes of temperature
  • Consequential loss
  • Lack of maintenance