Contractor ’s All Risk Insurance (CAR)

Policy designed for civil engineering projects where the civil construction works is more than 50% of Total cost and Most suited for projects like roads, dams, bridges, Hydro Powerplants etc. Policy starts from commencement of work after the unloading of the property at the site and shall expire on completion & Handing over to the principals or on the date as specified in the schedule.

Section 1 ( Material Damage)  – Covers damage to property under construction by peril not excluded in policy.

Fire, lightning, theft & Burglary

Impact damage, collision failure of cranes or collapse

• Carelessness, Negligence, Malicious acts, Riots & strike, Human error.
• Earthquake Fire & Shock Floods, Storm, Inundation, Cyclone, Tempest etc
• Rockslide, Landslide and Subsidence , Lightning or other atmospheric disturbances.
• Water damage for ‘wet’ risks i.e. contract involving works in rivers, canals, lakes or sea.

Section II ( Third Party)

TP Property Damage : Covers legal liability for damage to property of others including property held in trust

TP Bodily Injury: Legal liability for fatal or non-fatal injury to any person other than the Insured’s own employees or workman.

This Policy shall not pay for

• Loss discovered only at the time of taking an inventory.
• Normal wear and tear, Gradual deterioration due to atmospheric conditions.
• Rust, scratching of painted or polished surfaces or breakage of Glass
• Loss or damage due to faulty / defective design (DE1) – Extension available DE 2 / DE 3
• Cost necessary for rectification or correction of any error during
• construction unless resulting in physical loss or damage to property under construction.
• Any damage or penalties on account of the Insured’s non- fulfillment of the terms of delivery.