Salient Features
The policy covers "All Risks" arising out of execution of any civil work. It covers "Material Damage" as well as "Third Party" liability.

Scope of Cover
Fire, lightning, explosion, impact, flood, inundation, storm, earthquake, subsidence, landslide, theft, burglary, riot and strike and terrorist damage.

For Whom
Either Principals or contractor can take the policy.

PROJECTS
Buildings, bridges, tunnels, canals, roads etc.

EXCLUSIONS
Deductible excess, faulty design, inventory loss.

PERIOD OF INSURANCE
Commences from the time of commencement of cover or unloading of the property at the Contractors site and expires on the date specified. The cover also ceases for part of the contract work taken over by the principal prior to the expiry date.

HOW TO ASCERTAIN SUM INSURED
-    a. Contract price.
      b. Materials or items supplied by the principal.
      c. Any additional items not included in 1st & 2nd.
      d. Landed cost of imported items as at

-   Construction Plant & Machinery.

-   Clearance & Removal of Debris.

-    Insured own surrounding property.

-    Extra charges for Overtime, Express Freight etc

-    On increased replacement value for 1. (a) & (b) above (escalation).

-    T.P. Liability.

EXCESS
Separate excess is given for the contract works, construction equipment and construction machinery.

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