Suggested
Commercial Insurance
End-to-End Security for Your Construction Projects
Coverage Highlights
Comprehensive cover for your projectsSuitable for
A diverse array of projects, including residential projects, commercial complexes such as hotels and shopping centers, hospitals, and infrastructure projects like roads, bridges, tunnels, railways, and airports
All risk Cover
Provides broad protection under a single policy, covering all risks unless specifically excluded
Broad Scope of Cover
Cover interest of Key Stakeholders like Principal, Contractor, Financiers & others
Coverage Across All Project Stages
Covering all phases, including storage, erection, commissioning, maintenance, and any necessary extensions
Inclusions
What’s covered?Material Damage
Protection against physical damage to structures, machinery, and equipment during storage, assembly & erection.
Theft & Burglary
Protection against theft and burglary of materials and equipment
Natural Calamities
Coverage for damages due to natural disasters like floods, earthquakes, and storms
Accidental Damage
Protection against accidental damage during the erection process
Third Party Liability
Coverage for bodily injury or property damage to third parties caused by project activities
Note
Please refer to policy wordings for detailed list of inclusions
Exclusions
What’s not covered?Defective Design or Workmanship
Losses due to faulty design, materials, or workmanship
Wear and Tear
Damage from normal wear and tear, gradual deterioration, or corrosion
Willful Misconduct
Losses caused by intentional acts or gross negligence
Nuclear Risk
Damage due to nuclear reactions, radiation, or contamination
Consequential Losses
Indirect losses such as penalties, loss of market, or delay in completion
Inventory Shortages
Losses discovered during inventory checks without evidence of an insured peril
Contractual Penalties
Penalties or fines imposed under contractual agreements
War and Terrorism
Losses resulting from war, invasion, acts of foreign enemies, hostilities, or terrorism
Note
Please refer to policy wordings for detailed list of exclusions
Contractor All Risk Insurance Policy provides comprehensive protection for construction projects, shielding them from unexpected disruptions such as theft, fire, accidental damage, or natural calamities. This all-in-one policy covers both physical loss or damage to ongoing construction work and third-party liabilities that may arise during the project lifecycle. It is suitable for a wide range of construction undertakings—from small residential developments to large-scale infrastructure projects.
Buying a Contractor All Risk Insurance policy online enhances convenience, offering a completely paperless experience with instant quotes, minimal documentation, and swift policy issuance. The digital route ensures faster turnaround times, clear policy terms, and easy access to customer support when needed.
Whether you're a builder, real estate developer, contractor, or financier involved in construction, opting for an online construction all risk insurance solution not only simplifies the process but also ensures continuous coverage without administrative delays.
Contractor All Risk Insurance goes beyond traditional insurance by offering project-specific, comprehensive coverage throughout the entire construction period. It safeguards against a wide array of unforeseen incidents—ranging from accidental site damage and structural collapse to third-party injuries or property claims arising from ongoing work. What sets this policy apart is its ability to cover multiple aspects of a construction site under one umbrella, providing a strong financial safety net for Contractor, sub-Contractor, and project owners alike. This form of insurance is especially critical for projects involving multiple stakeholders, high-value investments, and tight timelines. It not only protects material damage but also helps maintain trust with clients and partners by reducing financial uncertainty.
The Contractor all risk insurance policy remains in force from the start of groundwork until completion and handover, making it an essential risk management tool that supports seamless project execution and long-term business stability.
Construction sites are inherently vulnerable to a wide range of risks—be it accidental damage to ongoing work, theft of valuable materials, damage caused by extreme weather, or unforeseen third-party liabilities. Purchasing a Contractor All Risk Insurance policy ensures comprehensive protection under one unified plan, offering both material damage and liability coverage. It eliminates the hassle of juggling multiple insurance policies and simplifies claim management.
For contractor, developers, and project financiers, this policy acts as a robust risk mitigation tool that keeps project momentum intact even in the face of setbacks. It also enhances the project's credibility in the eyes of stakeholders, including clients and investors, by demonstrating preparedness and responsibility. Importantly, many construction contracts mandate such coverage to ensure accountability and financial security. Whether you're building a home, a commercial space, or large-scale infrastructure, investing in contractor all risk insurance policy is essential for seamless, uninterrupted project execution.
Contractor All Risk Insurance is vital for a wide range of professionals and institutions engaged in construction and infrastructure development. It offers broad protection against physical damage and third-party liabilities across all project stages. Whether you're building a residential tower or a high-speed rail, this policy ensures peace of mind and uninterrupted progress.
Example of Use Cases | |
Builders & Developers | Residential buildings, townships, gated communities |
Contractor & Subcontractors | Civil work, structural erection, electrical/mechanical work |
Engineering Firms | Technical project execution, project management |
Financiers & Lenders | Securing funded projects against risks |
Government Agencies | Infrastructure projects like roads, bridges, railways |
Hospitality & Commercial Chains | Hotels, malls, business parks |
Healthcare Institutions | Hospitals, clinics under construction |
Infrastructure Investors | Airports, metros, tunnels, renewable energy sites |
Contractor All Risk Insurance is designed to provide end-to-end protection for construction projects of any scale. This construction all risk insurance coverage ensures operational continuity, regulatory compliance, and robust financial protection in an unpredictable project environment. With wide-ranging features tailored for modern infrastructure demands, it empowers stakeholders to manage risk with confidence.
Description | |
Comprehensive All-Risk Cover | Covers all types of losses unless specifically excluded in the policy |
Third-Party Liability | Covers legal liability for third-party injury or property damage |
Phased Coverage | Protection through all project phases – storage, erection, commissioning, etc. |
Customizable Add-ons | Flexible enhancements available based on project-specific needs |
Multiple Stakeholder Protection | Includes coverage for principals, contractors, financiers, and other parties |
Digital Accessibility | Instant online quote, policy issuance, and digital support |
To enhance the base protection offered by a contractor all risk insurance policy, a variety of add-ons are available. These optional covers address specific risks that vary by project type and scope. Adding these customizations helps create a more resilient construction of all risk insurance coverage, aligning it with your project’s unique challenges and compliance needs.
Feature | Description |
Extended Maintenance Cover | Covers loss/damage during the maintenance or defect liability period |
Surrounding Property Damage | Protects adjacent structures or property not part of the insured contract |
Debris Removal Costs | Covers expenses for removing debris post-damage |
Escalation Clause | Accounts for increased construction costs due to inflation or price fluctuations |
Owner’s Surrounding Property | Additional protection for property owned by the principal but not insured |
Contractor’s Plant & Machinery | Can be included to safeguard equipment used on-site |
Contractors all risk insurance is available to individuals or entities involved in construction projects. This includes builders, developers, contractors, subcontractors, and project owners. Eligibility requires that the project must be legal, under construction, and fall within approved engineering standards. Applicants must provide basic project details, including estimated project value, duration, and scope. The policy can be availed before construction begins or during its early phases. Coverage is available for both residential and commercial infrastructure developments.
To buy a Contractor All Risk Insurance(CAR) policy, you’ll need a filled proposal form with project details, estimated costs, and timelines. Include the construction plan or blueprint, a valid contract agreement, and KYC documents of the proposer. If applicable, provide previous insurance records. Additional documents may be requested depending on the project’s scale and insurer requirements. Submitting accurate details helps ensure seamless policy issuance and customized coverage.
Get instant access to your policy details with a single click.
Construction projects face numerous risks—from natural disasters to theft, accidental damage, and third-party liability. A contractors all risk insurance policy offers end-to-end financial protection for these uncertainties. It ensures operational continuity, protects capital investments, and strengthens stakeholder confidence. Whether it’s a minor site mishap or a major natural calamity, this policy keeps your project and finances on track. It is essential for compliance, credibility, and risk mitigation across all construction stages.
Premiums for contractors all risk insurance are calculated based on several factors: total project cost, type and scope of work, project duration, site location, and selected add-ons. The level of risk associated with the project also impacts pricing. Projects with high exposure to natural calamities or hazardous activities generally have higher premiums. Customizations, such as third-party liability cover or extended maintenance, may increase the premium but add valuable protection.
Step-by-Step Guide
How to Buy
0
Visit the Bajaj Allianz General Insurance website
1
Fill in the lead generation form with accurate details
2
Get quote, make payment and receive the policy documents
How to Renew
0
Contact the Policy Issuing Office
1
Review expiring policy and share necessary details
2
Receive renewal quote
3
Make renewal payment
4
Receive the renewed policy documents via email
How to Claim
0
Contact us through our customer service touchpoints
1
Submit the claim form along with the necessary documents
2
Provide details of the incident and any supporting evidence
3
Cooperate with the claims investigation process
4
Receive the claim settlement as per the policy terms
Know More
0
For any further queries, please reach out to us
1
Toll Free : For Sales :1800-209-0144
2
Email ID: bagichelp@bajajallianz.co.in
Bajaj Allianz General Insurance stands out as a trusted insurer for contractor all risk insurance by offering comprehensive coverage, flexible add-ons, and seamless digital services. Our construction all risk insurance coverage safeguards your project through every phase—storage, erection, testing, and handover—ensuring minimal disruptions and maximum protection.
With a strong reputation in commercial insurance, Bajaj Allianz General Insurance covers the interests of all stakeholders including contractors, principals, and financiers. Our transparent claim process, expert risk assessment, and customizable policy options help you tailor coverage based on project-specific needs. We offer quick online quotes, easy documentation, and end-to-end policy management, making the buyer’s journey hassle-free. Whether it's a residential build or a large-scale infrastructure project, our robust risk mitigation solutions ensure financial stability and compliance throughout. Choose Bajaj Allianz General Insurance for trusted expertise, digital convenience, and all-round protection under a single contractor’s all risk insurance policy.
Mobile Self Risk Assessment
PRIME Inspection app helps to evaluate quality of your property (Shop, Office, Plant or Others) having SI upto INR 50 crs. It is simple to navigate having multiple Q & A designed for client
Instant Generation of Risk Report
It helps Provide Risk Recommendations, Risk Quality Rating (RQR), Peer Comparison & GAP Analysis for the client
Choosing the right contractor all risk insurance policy involves assessing project size, complexity, location, and stakeholder needs. Look for policies offering comprehensive construction all risk insurance coverage, including material damage and third-party liability. Evaluate available add-ons for tailored protection and ensure the insurer has a strong claims service record. Always compare quotes, check policy exclusions, and prioritize digital access for ease of policy management and renewals.
Instant help for your diverse needs
Critical Illness Insurance
Health Claim by Direct Click
Personal Accident policy
Global Personal Guard Policy
Claim Motor On The Spot
Two-Wheeler Long Term Policy
24x7 Roadside/Spot assistance
Caringly Yours (Motor Insurance)
Travel Insurance Claim
Cashless Claim
24x7 Missed Facility
Filing a Travel Insurance Claim
My Home–All Risk Policy
Home Insurance Claim process
Home Insurance Simplified
Home Insurance Cover
Hassle-Free Policy Issuance
I recently purchased an Engineering Insurance policy from Bajaj Allianz for my construction business. The entire process was seamless, and the documentation was minimal.
Rohit Mehta
Mumbai
10th Dec 2024
Comprehensive Coverage
The policy covers everything from contractor risks to equipment breakdowns. This is exactly what my business needed to stay protected from unexpected damages.
Sandeep Yadav
Delhi
11th Jul 2023
Excellent Customer Support
I had a lot of queries before purchasing the policy, and the customer support team patiently explained every detail. Their guidance made it easy for me to choose the right plan.
Karthik Iyer
Chennai
25th Sep 2024
Quick and Transparent Claims
My firm suffered damage to some expensive machinery, and Bajaj Allianz settled my claim in record time. The process was smooth, with no hidden conditions.
Vikram Rajput
Ahmedabad
17th Aug 2024
Ideal for Contractors
As a contractor, I needed insurance that covers accidental damages at the project site. This policy gives me peace of mind, knowing my business is secure.
Manish Verma
Pune
26th Jul 2024
Great for Infrastructure Projects
I work in infrastructure development, and this insurance has been a lifesaver. It provides extensive coverage for machinery, third-party liabilities, and worksite accidents."
Preeti Nair
Bengaluru
18th Apr 2024
Covers Third-Party Liability
What impressed me the most is that this policy also includes third-party liability, which is crucial in my line of work. This helps prevent financial losses due to unexpected mishaps.
Arvind Gupta
Lucknow
10th Jan 2024
Download Caringly Yours App!