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How does Erection All Risk insurance differ from other construction insurance?

Construction business involves various types of risks, ranging from financial, project management risk, environmental risk, and contractual risks to safety and regulatory risks. Considering the high-risk exposure, having various types of construction insurance suitable for the business is important. Specifically, if the business is involved in construction projects that include the erection and installation of […]

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Importance of Contractor All Risk Policy in Civil Engineering Projects

Contractors All-Risk Policy Civil engineering projects involve heavy financial investments in labour, raw materials, and equipment. These businesses face various risks related to weather, site conditions, and human factors. These risks affect workers and third parties such as the surrounding public and neighbors. Every civil engineering project comes with its own set of risks and […]

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Securing Your Construction Business from All Sides

The construction business including the residential, civil and commercial projects forms the second largest industry in India in terms of work force employed and the one with most hazards second only to the mining industry. Construction sites carry high risks as workers need to work in conditions that need extra caution for safety. Also, the […]

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For under-construction home buy contractor’s all-risk policy

Published in Mint on, Jul 16 2013, Written by Kapil Mehta Can I get fire insurance for my home even before construction is completed? —Avinash You can buy a contractor’s all-risk policy that will cover you for material damage and third-party liability. Material damage includes loss due to fire, floods, malicious damage or earthquake. It […]

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Know All About Construction All Risk Insurance Policy

The construction site is vulnerable to various perils like fire, earthquake, war, etc. Many times, even safety precautions fail to prevent these accidents. To curtail the impact of accidents, it is essential to buy construction all risk insurance policy to cover risks which may arise at a construction site. Here is what you should know […]

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Construction All Risk (CAR) Insurance policy

Q. What is Construction All Risk Insurance? Construction All Risk Insurance / Contractors’ All Risk covers civil construction projects such as residential and office buildings, hospitals, schools, theatres, roads, railways, bridges, tunnels, airports, dams, weirs, irrigation and drainage facilities, canals and ports. In addition the following will also be covered:- i. Preparatory work at the […]

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How Does Construction All Risk Insurance Work?

On May 22, 2017, two workers, fell to their death from the 17th floor while working on the construction site of the Paradise Group. The rope of the metallic plank snapped. A significant amount of planning and expertise are invested in any construction project. The most significant fear for those involved in the construction business […]

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Know All About the Clauses in Construction All Risk Insurance Policy

Construction all risk insurance policy is purchased by building contractors or developers for getting a shield against various losses or damages which may arise at their construction site. The policy also offers coverage for third-party liabilities which may arise during construction business. There are various clauses which are present in construction all risk insurance policy, […]

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