Engineering insurance

Contractors All Risk (CAR) Insurance


The contractor all risks policy is specially designed to cover for loss or damage to predominantly civil engineering construction projects ranging from small villa to construction of bridges or high rise. 


This is an “All Risk” policy covering various activities of construction (except specific exclusions as mentioned in the policy) .


This policy can be taken out in the joint names of the contractor and the employer. This policy enables the Contractor or Employer to comply with the insurance requirements of the contract. 


Cover can be extended to include constructional plant as part of the Contractor All Risks cover. 


Summary of cover.​ 


Contractors all risk Policy (Section 1) covers the risk of accidental physical loss or damage in respect of the contract works, during the execution of a civil project. CAR insurance provides an ‘all risk ‘cover. All perils are covered unless specifically excluded

Section 2 of the policy covers legal liability falling on the insured contractor as a result of bodily injury or property damage belonging to a third party​​ .


The cover starts on the unloading of the first consignment at site or commencement of work and continues to be in force as stated in the policy. The policy ceases when the project is handed over to the principal or put into service.​​​ 


​Period of Insurance - Should not be less than the period of contract.


Sum to be insured is the full Contract project value (inclusive of transport charges, customs duties, etc.) and supplemented as necessary by the value of constructional plant. 


On request the policy can be extended to cover various optional extensions viz. Transit to or from the site (excluding sea or air transit), Maintenance cover, Removal of debris costs, Architects, Surveyors Fees for the reinstatement of damage, etc.​​​ 


Exclusions (list is not exhaustive.  Please refer to the main policy)


1) War, Civil War, Political Risk

2) Terrorism and Sabotage

3) Nuclear reaction, nuclear radiation or radioactive contamination.

4) Willful act or willful negligence of the insured or his representatives.

5) Cessation of work whether total or partial.

6) Losses within the compulsory access.

7) Loss due to faulty design

8) Wear and tear

9) Loss or damage discovered at the time of taking an inventory.


How to purchase?


For detailed information,

Call toll free : 800(628873) - Ext 123