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Contractors All Risk

Every Project under development need complete protection against potential loss. Projects under development are exposed to host of risks which can put a break in operation, cause financial burden and leave you feeling you have no control. SBI General Insurance can help you to successfully overcome these situations and put you firmly in control of your business operation.

This Policy offers comprehensive insurance cover for civil engineering projects where the value of civil works is more than 50% of the total contract value The cover operates during storage, erection/construction till completion and the handing over of the works to the principal


There are two Sections in the Policy.

It provides coverage for the property lost, damaged or destroyed by any cause, other than those specifically excluded in the Policy, necessitating replacement or repair. The Policy will pay or make good all such loss or damage up to an amount not exceeding the sum specified in respect of each of the items and not exceeding in the whole the Total Sum Insured.

provides coverage towards:

legal liability for accidental loss or damage caused to property of other persons

legal liability for fatal or non-fatal injury to any persons other than the Insured's own employees or workmen or employees of the owner of the works or premises due to construction of any property.

The Policy also provides for payment of

All cost and or expenses of litigation recovered by any claimant from the Insured.

All cost or expenses incurred by Insured with the written consent of the company.

On payment of additional premium, the following coverages may be selected Provision for escalation Clearance And Removal Of Debris Additional Rate For Express Freight (Air Freight Excluded) Holiday And Overtime Rates Of the Wages Additional Rate For Air Freight OnlyAdditional Custom Duty Construction Machinery Plants And EquipmentsLoss Due To Breakage Of GlassStorage Rate At Fabricators Premises/WorkshopMaintenance Visits and Extended Maintenance Cover.

The Company will not be liable under the Policy in respect of loss or damage due to Excess stated in the ScheduleElectrical or mechanical breakdown, failure, breakage or derangementReplaceable parts and attachment such as bits, drills, knives or other cutting edges, saw blades, dies, moulds, parts which by their use / nature suffer a higher rate of wear or depreciation, objects made of glass, belts, ropes, wires, rubber tyres, operating media like lubricating fuels, catalystDamages due to explosion of any boiler or pressure vesselVehicles designed and licensed for general road useHull and machinery of water borne vessels or craftsDamage due to total or partial immersion in tidal wavesPublic liability while the plant and machinery are on public roadsWear and tear, corrosion ,rust, deterioration due to lack of useWater-borne vessels or craftsMachinery working underground other than Tunnel Boring MachinesAny contractual liability, manufacturer's guaranteeWhen undergoing a test of any kind War, war like operations and nuclear perilsPre existing fault or defect Wilful act or gross negligence of the Insured or his representativesDamage for which the manufacturer / supplier is responsibleConsequential loss of any kindLoss or damage discovered only at the time of taking an inventory or during routine servicing;