HomeContractors All Risk Policy
Contractors All Risk Policy

Contractors All Risk Policy

Protects construction sites against various risks

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Policy Covers:

  • Loss, damage, or destruction of property
  • Loss or damage of construction material
  • Loss or damage to third party’s property
IRDA
IRDAI CERTIFIED
4.9
TRUSTED BY
2,500+
BUSINESSES

Trusted by:

BimaKavach Client
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HomeContractors All Risk Policy
Contractors All Risk Policy

Contractors All Risk Policy

Protects construction sites against various risks

No Spam

By clicking on "Continue", you agree to our Privacy Policy as well as our Terms of Use and Disclaimer

Trusted by:

BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
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BimaKavach Client
BimaKavach Client
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Policy Covers:

  • Loss, damage, or destruction of property
  • Loss or damage of construction material
  • Loss or damage to third party’s property
IRDA
IRDAI CERTIFIED
4.9
TRUSTED BY
2,500+
BUSINESSES

Trusted by:

BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
BimaKavach Client
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BimaKavach Client
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What is Contractors All Risk Policy?

Contractors All Risk Policy is a complete policy designed to cover various risks associated with construction projects. It provides financial protection against physical damage to the construction site, materials, and equipment, as well as third-party liabilities that might arise during construction activities.

Who needs Contractors All Risk Policy cover?

Energy
Annual Turnover

₹0 Cr-₹1,000 Cr

Manufacturing
Annual Turnover

₹0 Cr-₹1,000 Cr

Construction
Annual Turnover

₹0 Cr-₹300 Cr

Civil Engineering
Annual Turnover

₹0 Cr-₹500 Cr

Developers
Annual Turnover

₹0 Cr-₹300 Cr

Contractors
Annual Turnover

₹0 Cr-₹700 Cr

Energy
Annual Turnover

₹0 Cr-₹1,000 Cr

Manufacturing
Annual Turnover

₹0 Cr-₹1,000 Cr

Construction
Annual Turnover

₹0 Cr-₹300 Cr

Civil Engineering
Annual Turnover

₹0 Cr-₹500 Cr

Developers
Annual Turnover

₹0 Cr-₹300 Cr

Contractors
Annual Turnover

₹0 Cr-₹700 Cr

Energy
Annual Turnover

₹0 Cr-₹1,000 Cr

Manufacturing
Annual Turnover

₹0 Cr-₹1,000 Cr

Construction
Annual Turnover

₹0 Cr-₹300 Cr

Civil Engineering
Annual Turnover

₹0 Cr-₹500 Cr

Developers
Annual Turnover

₹0 Cr-₹300 Cr

Contractors
Annual Turnover

₹0 Cr-₹700 Cr

Energy
Annual Turnover

₹0 Cr-₹1,000 Cr

Manufacturing
Annual Turnover

₹0 Cr-₹1,000 Cr

Construction
Annual Turnover

₹0 Cr-₹300 Cr

Civil Engineering
Annual Turnover

₹0 Cr-₹500 Cr

Developers
Annual Turnover

₹0 Cr-₹300 Cr

Contractors
Annual Turnover

₹0 Cr-₹700 Cr

Energy
Annual Turnover

₹0 Cr-₹1,000 Cr

Manufacturing
Annual Turnover

₹0 Cr-₹1,000 Cr

Construction
Annual Turnover

₹0 Cr-₹300 Cr

Civil Engineering
Annual Turnover

₹0 Cr-₹500 Cr

Developers
Annual Turnover

₹0 Cr-₹300 Cr

Contractors
Annual Turnover

₹0 Cr-₹700 Cr

Energy
Annual Turnover

₹0 Cr-₹1,000 Cr

Manufacturing
Annual Turnover

₹0 Cr-₹1,000 Cr

Construction
Annual Turnover

₹0 Cr-₹300 Cr

Civil Engineering
Annual Turnover

₹0 Cr-₹500 Cr

Developers
Annual Turnover

₹0 Cr-₹300 Cr

Contractors
Annual Turnover

₹0 Cr-₹700 Cr

Why do you need Contractors All Risk Policy?

Why do you need Contractors All Risk Policy?

Covers property damage

Protects against damages to construction sites and materials.

Provides liability coverage

Shields against third-party claims for injuries or property damage.

Mitigates financial risks

Ensures project continuity by covering unexpected losses.

Enhances project credibility

Demonstrates commitment to risk management.

Essential for comprehensive project protection

Manages a wide range of construction-related risks effectively.

Why choose BimaKavach to protect your business?

The Power of Underwriting

Your Policy is built for your unique needs.

50+ Years of Insurance Expertise

Best Price for Complete Coverages

You get the best price for your coverage.

Best Price for Complete Coverages

24*7
Claims Support

All concerns will be addressed without delay.

24*7 Claims Support

Online Platform to Manage Your Bima

Your policy can be managed from anywhere.

Online Platform to Manage Bima

Dedicated
Bima Expert

You get access to IRDAI-Certified Bima Experts.

Dedicated Bima Expert
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Who’s this for?

Building Construction
Infrastructure Projects
Renovation Projects
Equipment Installation
Third-Party Property Damage

What does Contractors All Risk Policy cover and exclude?

Coverages

Construction materials damage coverage

Covers repair or replacement costs for damaged construction sites, materials, and structures.

Third-Party Liability

Provides protection against legal liabilities for third-party injuries or property damage.

Fire and Explosion Coverage

Protects against damages caused by fire and explosions.

Natural Disasters

Covers damages from storms, floods, earthquakes, and other natural disasters.

Water Damage Coverage

Protects against accidental water damage from heavy rainfall or flooding.

Collapse Coverage

Covers partial or total collapse of structures during construction.

Negligence and Errors

Covers losses due to human errors in design, planning, or supervision.

Exclusions

Wear and Tear

Excludes damages due to normal wear and tear.

Pre-Existing Conditions

Excludes damages existing before the policy start date.

Defective Design

Excludes losses due to faulty design or workmanship.

Intentional Acts

Excludes damages caused intentionally by the insured.

War and Terrorism

Excludes damages due to acts of war or terrorism.

Nuclear Risks

Excludes damages from nuclear reactions or contamination.

Loss of materials during transit

Excludes damage or loss occurring during the transportation of materials to the site.

Coverages
Exclusions

Construction materials damage coverage

Covers repair or replacement costs for damaged construction sites, materials, and structures.

Third-Party Liability

Provides protection against legal liabilities for third-party injuries or property damage.

Fire and Explosion Coverage

Protects against damages caused by fire and explosions.

Natural Disasters

Covers damages from storms, floods, earthquakes, and other natural disasters.

Water Damage Coverage

Protects against accidental water damage from heavy rainfall or flooding.

Collapse Coverage

Covers partial or total collapse of structures during construction.

Negligence and Errors

Covers losses due to human errors in design, planning, or supervision.

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When can I Claim?

A claim under Contractors All Risk Policy can be registered in the below circumstances:

  • If a third-party claims damage to their property due to your construction
  • If a third-party claims damage to their property due to your construction
  • When there is damage to property on the construction site
  • Collapse of property during construction

Claim what’s yours with BimaKavach

Have more questions?

Phase 1

Intimation

Intimate your claim

Notify BimaKavach about your claim by contacting your Bima Relationship Manager.

ETA: INSTANT
We register your claim

We log your claim details into our system and pass it on to the insurer for further processing.

ETA: 3-5 Business Days
Phase 2

Confirmation

Documentation

Collect and submit all necessary documents to support your claim.

ETA: 3-5 Business Days
Evaluation begins

Our team assesses the claims validity & makes a good case for your claim with the insurer.

ETA: 3-5 Business Days
Phase 3

Settlement

Settlement is decided

The insurer determines the settlement amount based on the evaluation.

ETA: 3-5 Business Days
You receive the settlement

The approved compensation is transferred to you.

ETA: 3-5 Business Days
Claims. Delivered

Have more questions?

Common insurance questions answered

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We assumed you want general questions first, but feel free to ask us about specifics

Product
General
Buying Process
Claims
Who are We
What is covered under Contractors All Risk Policy?
Covers property damage, third-party liability, theft, and natural disasters during construction projects.
Who needs Contractors All Risk Policy?
Contractors, project owners, and subcontractors involved in construction projects need this insurance.
How much does Contractors All Risk Policy cost?
The cost varies based on project size, location, and coverage limits.
Can I bundle Contractors All Risk Policy with other policies?
Yes, it can be bundled with other policies like liability or equipment insurance for comprehensive coverage.
What are common exclusions in Contractors All Risk Policy?
Exclusions include wear and tear, pre-existing conditions, defective design, and intentional acts.
How do I file a claim under Contractors All Risk Policy?
Notify your insurer promptly, provide necessary documentation, and cooperate during the investigation.

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