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Contractor Plant Machinery
& Plant |
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| Contractor Plant Machinery
& Plant |
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| Scope of Cover |
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The Contractors All Risks
Insurance offers comprehensive coverage for all
types of civil construction risks. |
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The coverage for physical loss or
damage to property is on an "All Risks"
basis, i.e. the policy insures against damage to
property in the course of construction by all sudden,
accidental and unforeseen causes other than specified
excluded perils. |
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This cover includes works brought
on to the site for the purposes of the contract
as well as temporary works erected or constructed
on-site. |
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Various add-on covers are available
as per customer's requirement |
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| Sum Insured |
| The sum insured to include
total contract value including the estimated cost of labour
charges and cost of materials but excluding profit. The
cost of materials supplied by the principal is to be declared
separately. |
| Exclusions |
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War & Nuclear Risks |
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Willful Act / Negligence |
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Partial / Total cessation of Work |
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Normal wears & tears |
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Gradual deterioration due to atmospheric
conditions |
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Loss or damage due to faulty design |
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Contractual liabilities |
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Consequential Losses |
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Cost of replacement / repair or rectification
of defective material and/or workmanship |
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Loss discovered only at the time of
taking an inventory. |
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| Extensions |
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Owner’s Surrounding
Property. |
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Third Party Liability. |
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Escalation. |
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Clearance and Removal of Debris. |
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Contractor's Plant and Machinery. |
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Breakage of Glass |
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Storage Risks at Fabricators premises
/workshop |
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Sites located in EQ Zones I &
II |
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Clearance & Removal of Debris |
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Holiday & Overtime Rates for wages |
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Custom Duty Construction, Plant &
Machinery |
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Maintenance Visits and extended Maintenance
cover |
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Express freight |
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Airfreight |
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Terrorism Damage |
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Premium Calculation