Contractor All Risk Insurance covers damage to the civil construction projects such as, residential and office buildings, hospitals, schools, roads, railways, bridges, tunnels, airports, dams, irrigation and drainage facilities, ports, among others. Policy can also be extended to cover design defects and the temporary work erected or constructed on site
Limited exclusions specifically named such as war, nuclear perils, normal wear and tear, willful damage or negligence among others. All other risks are included to extend a wide coverage against unpredictable occurrences.
The policy comes with several add ons which can be opted for depending upon the nature of project such as coverage for contractor plant and machinery, design defects, third party liability, earthquake, removal of debris, escalation of sum insured. At Bluearmour, we can work with you to customize a cover that works for the risks that your project is exposed to.
Yes, select insurers can allow premium to be collected in instalments if period of insurance is more than 12 months.
Coverage can be extended to a wide range of commercial vehicles including: Yes, Contractor All Risk Policy Can be extended by informing the insurer in advance and paying extra premium for the extended duration.
This means that injury or damages to a third party due to the construction activity is covered, and does not include injury or accident to your workers on site. For them, a workmen compensation policy would be required to cover them in the event of an accident.
Direct Broker (General), IRDA License No 728 (Valid upto 25th August, 2023), Bluearmour Insurance Brokers Private Limited, CIN: U66000HR2019PTC084231