PROPERTY & TRANSIT

Contractor’s all Risk

A program tailored to assure financial protection to the Civil Engineering Contractors in an accident to the civil engineering works under construction. In such a profession, accidents are prevalent, but people are often not capable enough to independently incur monetary and other losses. Contractors all risk Insurance is a boon for these people and an important credential to have.
This Insurance covers against the theft, damage, or loss of tools, equipment, plant and machinery, including those you have rented or hired for use on the worksite. Some contractors’ all-risk Insurance policy might also cover temporary buildings such as onsite houses, architect drawings and show home contents.

Why of Construction All Risk Insurance is required?

  • Due to a fire accident, important planning documents and architectural designs and were destroyed.
  • Robbers attack construction site, that results in loss of tools and material.
  • Accidental damage happens within a show home.
  • A contractor has broken or misplaced vital tools hired for the job, heavy monetary loss results and high chances of missing various new business opportunities.
A backup of contractors all risk Insurance can be a savior.
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