Contractors All Risk FAQ's Frequently Asked Questions (FAQ’s)

This is an ‘All Risk’ policy covering sudden and unforeseen physical damage to civil projects under construction insured by any cause or peril not specifically excluded under the policy. Important Perils which will be covered include:
  • Fire and Allied Perils
  • Flood, storm, tempest & cyclone
  • Earthquake, fire & shock
  • Collapse
  • Water Damage for Wet Risks
  • Faults in erection/ construction
  • Human errors, negligence
All parties involved in any way in the construction may be insured:
  • Contractors
  • Firms commissioned to carry out the work, including subcontractors
  • The purchaser or owner
  • Parties financing the project
  • War and Nuclear risks
  • Willful Act or Willful Negligence of the Insured
  • Partial/total cessation of Work
  • Defective material or bad workmanship
  • Normal wear and tear
  • Normal Maintenance or Making Good
  • Loss or damage due to faulty design
  • Disappearance or shortage (inventory losses)
  • Contractual liabilities
  • Consequential losses
  • Express freight, Holiday and Overtime
  • Air freight
  • Breakage of glass
  • Additional customs duty
  • Removal of debris
  • Earthquake
  • Escalation
  • Storage at Fabricator’s Premises/ Workshop
  • Construction, plant & machinery
  • Cross liability
  • Third party liability
  • Maintenance visits cover and Extended Maintenance
  • Owner’s surrounding property
  • Terrorism
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  • InstantCover Insurance Web Aggregator Private limited
    710, 6th B Cross, 16th Main Road, Koramangala 3rd Block,
    Bangalore - 560 034.
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