Contractors All Risk Insurance

● Earthquake
● Act of terrorism
● Escalation
● Limited maintenance cover
● Extended maintenance cover
● Clearance and removal of debris
● Damage to owner’s surrounding property
● Third party Liability
● Cross Liability
● Express freight, holiday and overtime rates of wages
● Contractor’s plant and machinery
● Inland Transit
● Innocent Non Disclosure/Breach of Policy Conditions
● Serial losses
● Vibration, removal or weakening of support
● Loss or damage due to strike, riot and civil commotion (SRCC)
● Drilling work for water wells
● Suspension of Testing
● Fire Fighting
● Automatic Increase Clause
● Test Run Definition for Gas Turbine
● Test Run Definition for Steam Turbine
● Declaration Clause
● Marine off Shore works
● Coffer Dams

This depends on the type of project, Sum Insured and duration of the project, and the voluntary excess opted for by the Insured. The premium can be paid in installments, when the policy period is more than 12 months.

The policy is subject to a compulsory excess and Excesses under the policy depend on the type of construction work to be carried out.

This depends on the type of project, Sum Insured and duration of the project, and the voluntary excess opted by the Insured. The premium can be paid in installments, when the policy period is more than 12 months.