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What does Contractor's Insurance Policy Cover?

Usual policies are designed for covering physical loss or damage to various insured plants & machinery used at construction project sites -

  • Insured plant and machinery for any physical damage by any cause (unless specifically excluded)
  • Complete cover on partial or total damage to equipment or machinery
  • Insurance will be offered on current replacement value
  • Policy can be bought only after successful commissioning of the machinery
  • Cover for all insured items, whether at work, rest, or being dismantled for cleaning and overhauling
  • Add on cover offered with the policy
  • Owners surrounding policy
  • Clearance and removal of debris
  • Express freight
  • Air freight
  • Dismantling and shifting to a new location
  • Escalation of Coast
  • Earthquake
  • Third party Liability