Construction All Risk Insurance safeguards construction projects against a wide range of risks, from property damage to third-party liabilities.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

*Tax benefit is subject to changes in tax laws. Standard T&C Apply

Secure Your Construction Projects

All Risk Insurance from ₹1,000/month

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Definition

Construction All Risk Insurance offers extensive coverage for construction projects against various risks like fire, natural disasters, material damage, and third-party liabilities. This insurance is vital for contractors and developers to manage the inherent risks in construction and ensure project continuity.

How does it work?

Contractors or developers purchase this insurance to protect their projects. In the event of a covered incident, such as property damage or a liability claim, the policy provides financial compensation. This coverage helps manage the costs associated with repairs, replacements, and legal claims, crucial for the successful completion of construction projects.

What’s Covered

Construction SiteAccidents damage to the construction site due to accidents or unforeseen incidents.

Work-in-Progress protectionfor the ongoing construction work against damages.

Stored Materialscoverage for materials stored on-site or in transit.

Faulty Designincludes coverage for damages resulting from design errors or omissions.

What’s Not Covered

Willful Negligence excludes losses due to willful negligence or misconduct by the insured.

Defective Material or Workmanship damages arising from the use of defective materials or poor workmanship.

War and Nuclear Risks excludes coverage for damages related to war activities or nuclear risks.

Pre-existing Conditions conditions or defects known prior to the insurance policy commencement.

Consequential Losses indirect losses like loss of business or rental income are typically not covered.

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