Contractors All Risk Insurance for Flyover on Land

Types of Flyover on Land Sub-Categories

There are two type of flyover on land sub-categories covered:

• Span exceeding 15 meters
• Span not exceeding 15 meters

*The project period varies from 1 month to 24 months

Contractors All Risk Insurance for Flyover on Land: Inclusions

Contractors all risk policy for flyover on land covers the following perils:

• Damage caused due to lightning and fire
• Damage caused during riots, strikes
• Damage caused due to natural calamity such as flood, tempest, storm, inundation
• Damage caused due to collision, impact of any third-party vehicle or collapse
• Loss due theft or burglary
• Any kind of loss due to landslide, rockslide or subsidence

Contractors All Risk Insurance for Flyover on Land: Exclusions

Contractors all risk policy for flyover on land does not provide coverage for the following perils:

• In case of cessation of work whether partial or total
• If the material is defective 
• In case of inventory loss
• If the design is faulty
• Regular wear and tear of the machinery or any other equipment
• Loss or damage caused during war or any other related perils
• Any kind of loss or damage caused due to nuclear reaction, radioactive contamination or nuclear radiation
• Any kind of consequential losses
• Any loss or damage caused due to willful negligence or the policyholder or any willful act.

Contractors All Risk Insurance for Flyover on Land: Add-ons

The insurance companies offer several add-ons with contractors all risk insurance policy that the policyholder can purchase to enhance the existing coverage:

• Third-party liability coverage
• Contractor’s plant and machinery
• Surrounding property damage cover
• Earthquakes
• Construction equipment such as scaffolding, shuttering material, etc.
• Terrorism
• Maintenance visit or extended maintenance
• Removal of debris

FAQs