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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What Should You Know Before Buying Construction All Risk Insurance?

No matter how efficiently you run your construction or contracting business, there is no guarantee that unforeseen events like accidents or tragedies will not arise. For instance, if one of your construction workers gets injured on the work site, would your business have sufficient means to cover medical expenses? What would your business do if […]

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Five Ways to Reduce Construction All Risk Insurance Premium Rates

A construction site is susceptible to various types of risks, which can mount from accident, theft, damage, legal claims and much more. Therefore, it is indispensable to go with a construction all risk insurance policy to get complete coverage for unforeseen situations. Even most business contacts, as well as simple common sense, dictate that every […]

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