Insurance Service in Chiranjiv Vihar, Ghaziabad

Contractor's All Risk Insurance offers comprehensive and adequate protection against loss or damage in respect of contract works, construction plant and equipment and/ or construction machinery, as well as third party claims in respect of property damage or bodily injury arising in connection with the execution of a civil engineering project. The Contractor's All Risk Insurance policy is extremely useful for consulting engineers, architects and financiers because it contributes to reducing the overall construction expenses and at the same time offers efficient financial protection for all parties concerned. The Contractor's All Risk Insurance Policy that covers all risks associated normally with a construction project. Issued commonly under the joint names of a contractor and a principal (client), it usually also includes public liability. Scope Of Cover Contractor's All Risk provides 'all risk' cover unless the hazard is specifically excluded. Contractor's All Risk Insurance Covers The Risk Of FireLightningExplosionFloodInundationRainSnowEarthquakeTheftBurglaryBad workmanshipLack of skillNegligenceCivil construction projectsresidentialcommercial buildingstheatresfactory shedswarehousesroadsbridgesdamsreservoirstunnelsoil / gas pipelineswater / sewage disposal worksPerils coveredFire & Allied PerilsFloodStormTempestCycloneEarthquakeFire & ShockCollapseWater Damage for Wet Risks The Sum Insured in Contractor's All Risk Insurance shall include landed cost at site of imported/ indigenous materials, construction cost (including visits of specialists/experts, supervision charges). It is the completely erected value of property inclusive of freights, custom duty, erection cost adjusted to fluctuations in wages / prices. Premium Rate Is Based On The type of projectNature of constructionPeriod of projectEQ zone and voluntary excess

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