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Commercial Insurance

Contractor All Risk Insurance Policy Online

ContractorAllRiskInsurance

Key Features

End-to-End Security for Your Construction Projects

Coverage Highlights

Comprehensive cover for your projects
  • Suitable 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

Comprehensive Coverage and Convenience with Contractor All Risk Insurance Policy

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.

What is Contractor’s All Risk Insurance Policy?

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.

Why Should You Purchase Contractor All Risk Insurance Policy?

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.

Who Needs Contractor All Risk Insurance Policy?

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.

Stakeholder

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

Key Features of Contractor All Risk Insurance

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.

Feature

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

Benefits You Deserve

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All Risk

Covers all risk in a single policy unless specifically excluded

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Broad Scope of Cover

Coverage provided is in its widest form for a Principal & Contractor

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Tailor-made

Can be customized to cover interest of various stakeholders

Add-Ons Under Contractor All Risk Policy

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

Eligibility Criteria to Buy Contractor All Risk Insurance

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.

Documents Required to Buy Contractor All Risk Insurance

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.

Download Policy Document

Get instant access to your policy details with a single click.

Why Do You Need to Buy the Contractor All Risk Insurance Policy?

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.

How is the Premium Calculated for Contractor All Risk Insurance? 

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

To help you navigate your insurance journey

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

Why Choose Contractor's All Risk Insurance?

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. 

Trusted Risk Advisor

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

How to Choose the Right Contractor for All Risk Insurance?

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. 

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What Our Customers Say

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.

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Rohit Mehta

Mumbai

4.7

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.

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Sandeep Yadav

Delhi

5.0

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.

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Karthik Iyer

Chennai

5.0

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.

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Vikram Rajput

Ahmedabad

4.6

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.

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Manish Verma

Pune

5.0

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."

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Preeti Nair

Bengaluru

4.8

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.

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Arvind Gupta

Lucknow

5.0

10th Jan 2024

FAQ's

What types of projects are covered under this policy?

Contractor All Risk Insurance covers a wide range of construction projects including residential buildings, commercial complexes, hospitals, roads, bridges, tunnels, railways, and airports. It provides comprehensive protection during all phases—from storage and erection to commissioning and maintenance.

How is the premium for the policy determined?

The premium is calculated based on project type, sum insured, location, duration, construction methods, past claims history, and selected add-ons. The nature of the work and value of materials also play a role in determining the cost of contractor all risk insurance.

Can subcontractors be covered under this policy?

Yes, subcontractors can be included under the contractors all risk insurance policy. The principal contractor or project owner can extend coverage to subcontractors involved in the insured project, offering protection against liabilities and material damage.

Can the policy be customized as per specific requirements?

Absolutely. This policy offers flexible customization through add-ons that address specific project risks such as extended maintenance, debris removal, or cross liability. You can tailor the construction of all risk insurance coverage to suit unique project needs.

Is there any geographical limitation for the coverage?

The policy covers construction sites within the territorial limits of India. However, it does not extend coverage for offshore, cross-border, or international projects unless specifically agreed upon and endorsed in the contractors all risk insurance policy.

What is the policy tenure for Contractor's All Risk Insurance?

The policy tenure typically aligns with the construction project duration, which could range from a few months to several years. Extensions are possible, including a maintenance period, depending on project scope and insurer agreement.

Is there a specific time limit for submitting claim documents to the insurance provider?

Yes, claims must be reported immediately after the incident, and all required documents should be submitted within the timeframe mentioned in the policy terms—usually 14 to 30 days. Delays may affect claim settlement under contractors all risk insurance.

How does this policy differ from standard construction insurance?

Unlike standard construction insurance that covers specific risks, contractors all risk insurance offers broader, all-risk protection unless explicitly excluded. It includes third-party liability and covers all stages of construction, offering end-to-end financial security.

Is theft covered under Contractor All Risk Insurance?

Yes, theft and burglary of materials or equipment at the construction site are covered under the policy, provided they occur during the project tenure and are not caused by negligence or contractual exclusions.

What is a Contractor All Risk Insurance?

The Contractor All Risk (CAR) insurance covers damages to a construction site, materials, and equipment during a project. It also includes third-party liability for accidental damage or injury caused at the site.

What is Erection All Risk insurance?

Erection All Risk (EAR) insurance covers risks involved in installing and testing machinery, plants, and equipment. It protects against accidental damages, including fire, theft, and breakdowns.

What is material damage under engineering insurance policy?

Under this, the company agrees with the Insured that if, during the policy period, the insured property (excluding packing materials) is lost, damaged, or destroyed by any cause not specifically excluded, requiring repair or replacement, the company will cover the loss up to the insured amount. It also covers debris removal up to the policy limits.

What is the reinstatement of the sum insured under engineering policy?

Reinstatement of the sum Insured means that after a loss or damage, the insurance coverage remains in force for the insured amount. The insured must pay a pro-rata additional premium on the full claim amount from the date of loss until the policy expires, ensuring continued protection without reducing the original sum insured during the policy peri

What is liability coverage under engineering insurance?

Liability coverage under engineering insurance indemnifies the insured against legal liability for accidental damage to third-party property, excluding property used in construction. It also covers liability for injuries to third parties, excluding employees or family members. It also covers litigation costs.

What is electronic equipment insurance?

Electronic equipment insurance protects businesses from losses due to accidental damage, fire, theft, or short circuits affecting electronic devices like computers, servers, medical equipment, and industrial electronics.

How can I choose the right engineering insurance policy?

Assess business needs, project risks, equipment value, and coverage options. Compare policies from different insurers, check coverage limits, exclusions, and premium costs, and seek expert advice to select the best policy that aligns with your requirements.

What is the claim process under engineering insurance?

For claim approval, the insurer appoints a surveyor within 72 hours of claim intimation to assess the loss. Within 7 days, the insurer or surveyor informs the claimant about the documents. The claim is processed based on the surveyor’s findings and policy terms

Is there a waiting period for claims?

Most engineering insurance policies do not have a waiting period for accidental damages. However, certain coverages, such as loss of profit due to machinery breakdown, may have a waiting period before claims can be made.

What is the basis of loss settlement under engineering insurance?

In the event of a loss or damage, settlement is based on repair costs to restore the property to its prior condition, deducting salvage. If the property is a total loss, settlement is based on its actual value before damage minus salvage. Total loss rules apply if repair costs equal or exceed the pre-damage value.

What documents are required to file a claim for engineering insurance?

Policy details, loss reports, and damage assessment reports are some of the common documents required to file a claim under an engineering insurance.

How long does it take to process claim requests?

The claim processing time for your claim request can differ from one insurer to another. We try to resolve your claim request as soon as possible.

Do I need to renew engineering insurance?

Engineering insurance may not always be mandatory but is often required for large construction projects, industrial plants, and businesses using heavy machinery. Many clients and regulatory bodies mandate coverage to protect against unforeseen losses.

Can engineering insurance be transferred to another company?

Engineering insurance is generally non-transferable. A new policy may be required if a project is transferred to a new contractor. However, in some cases, with insurer approval, policy endorsements can be made to accommodate ownership changes.

Can engineering insurance be customised during renewal?

Yes, engineering insurance policies can be customised based on business needs at the time of renewal. Policyholders can add coverage extensions, adjust coverage limits, or include additional protections for specific risks related to construction projects, equipment, or operations.

Who should I contact to renew my engineering insurance policy?

You can contact our customer support if you have invested in an engineering insurance policy from us. Our team will help you in ensuring comprehensive coverage for your project.

What is the process of renewing engineering insurance policy?

Talk to your insurance provider if you need to renew your engineering insurance plan. The renewal process can vary from one insurance provider to another.

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