Contractors All Risk Insurance

This policy covers unforeseen, sudden and accidental physical loss or damage from any cause, from the moment the materials are unloaded at the project site and during the entire project period until the project is handed over. This policy is designed to protect the interest of civil contractors and firms involved in construction activity against the damage or destruction of various civil engineering projects undertaken by them. It is suitable for all types of civil engineering construction ranging from small buildings to massive dams, as they are susceptible to damage by a variety of external and internal causes during the course of construction. This policy covers third party injury or property damage that has occurred directly due to construction.

Erection All Risk Insurance

This policy covers unforeseen, sudden and accidental physical loss or damage from any cause, as per policy conditions, right from the moment the materials are unloaded at the project site, during the entire project period and until the project is tested, commissioned and handed over. This policy includes third party liability occurring directly due to erection, construction or testing.

Machinery Breakdown Insurance

This policy covers machines and equipment against unforeseen and sudden physical loss or damage from causes such as defects in casting and material, design faults at the workshop or in erection, bad workmanship, lack of skill, carelessness, shortage of water in boilers, physical explosion, tearing apart on account of centrifugal force, short circuit, storm, or from any other cause not specifically excluded by the policy.

Plant Machinery Insurance

This policy covers the contractor's plant, equipment, and machinery against all risks, except for those specifically excluded by the policy. Construction plant machinery and equipment are constantly exposed to risks that may cause loss or damage, whilst the equipment is being used or simply in a work-site. Our Machinery All Risk Policy offers a very comprehensive cover. It covers all risk of accidental loss or damage from a wide range of causes.

Electronic/Computer All Risk Insurance

This policy covers any unforeseen or sudden physical loss or damage to equipments due to any cause, as per policy conditions. It also covers the cost of material damage to data media and the cost of recovering the information stored therein, following an identifiable loss under the Material Damages section (this is applicable only for computers).