Contractors All Risk Insurance for Hospitals

Construction of any building comes with several risks which may incur a loss to the contractor. In order to mitigate such losses, a contractor must obtain indemnification by subscribing to the contractor all risk policy. Hence, the CAR policy is essential for a contractor.

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Contractors All Risk Insurance for Hospitals: Inclusions

The CAR insurance policy covers the following losses:

  • Loss caused to the insured due to construction faults shall be covered by the CAR insurance policy
  • Coverage against the damage to the property of the hospital shall be covered by the CAR policy
  • CAR policy offers coverage against the injury or loss sustained by a third party
  • The policy indemnifies the insured against the liability to the guest or employees of the hospital
  • The CAR policy provides coverage for the loss incurred due to the interruption of the construction work
  • Loss caused to the property due to fire or allied perils shall be covered by the CAR insurance policy
  • Loss caused to the construction site due to cyclone or flood is subject to be covered by the insurer
  • Any human error or negligence is covered by the CAR policy

Contractors All Risk Insurance for Hospitals: Exclusions

The Contractor’s All-Risk Insurance Policy does not cover the following risks:

  • A normal tear or wear is not subject to be covered under the CAR policy
  • The CAR policy does not provide any coverage for the intentional or willful negligence
  • No coverage shall be provided in case of poor workmanship
  • The insurer is not liable to provide any coverage in case of utilization of defective material in the construction work
  • Loss or damage caused to the property due to faulty design shall not be covered under the CAR policy
  • The partial or total cessation of work is not covered under the CAR insurance policy

Contractors All Risk Insurance for Hospitals: Add-ons

The CAR insurance policy can be extended by making the following additions:

  • Damage or loss caused to the surrounding property
  • Insurance for construction equipment can be added in the existing insurance policy
  • Loss caused due to shortage of inventory
  • Injury or damage caused due to the removal of debris
  • Loss incurred due to earthquake

Claiming Process for Contractor All Risk Insurance for Hospital

Following are the steps which are required to be followed by the insured in order to file a claim:

  • The insured should immediately notify the insurer about the loss or damage caused
  • The insurer must submit a written submission to the insurer with regard to the event of damage or loss
  • The written document must include the extent of the loss or damage caused to the property
  • The insured must try to minimize the loss as much as possible
  • The insurer must inform the police or an appropriate authority. He must lodge an FIR or complaint in case of theft or burglary
  • The insurer shall appoint a surveyor in order to analyze the loss
  • The insured must cooperate with the surveyor and make him acquainted with the event
  • The surveyor shall make a report of the event and submit it to the insurer
  • The insurer shall indemnify the insured


Written By: PolicyBazaar - Updated: 15 May 2023

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Policybazaar for Business - Contractors All Risk Insurance - Customer Reviews
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3.8 February 22, 2023
Compensate For Damages
I recently purchased Contractors All Risk Insurance from PolicyBazaar website and had a great experience with them. It was necessary to purchase this Insurance as I understand the risks and uncertainties of the job. However, with this policy, I found myself protected against a wide range of unforeseen events such as property damage, third-party liability and even employee injuries. Thanks to Policybazaar.
4.3 February 02, 2023
Quick Renewal
I recently purchased Contractors All Risk Insurance from PolicyBazaar and I am delighted to share my positive experience with this valuable policy. From the moment I initiated the process until the policy was in effect, PolicyBazaar demonstrated outstanding professionalism, reliability, and a genuine commitment to customer satisfaction. Thanks PB.
3.8 January 13, 2023
Time Saving Process
Throughout the process, I was consistently impressed by PolicyBazaar's exceptional customer service. Their representatives were friendly, knowledgeable, and always ready to assist me with any questions or concerns I had. They patiently explained the policy terms and conditions, clarifying even the most intricate details, which allowed me to make well-informed decisions regarding my coverage. I truly felt valued as a customer, and their dedication to ensuring my satisfaction was evident in every interaction.
4.3 December 24, 2022
Suitable Purchase
Recently we got a project to work on a site. I made sure that i get the contruction all risk insurance policy. A friend of mine suggested to purchase it from PolicyBazaar website so i went on their website and made the purchase without any hassle. It was a suitable purchase as it provided compensation for material damage and many more Thanks to PolicyBazaar.
4.3 December 04, 2022
Provides Security To Material Damage
I recently purchased Contractors All Risk Insurance from PolicyBazaar which provides me peace of mind, knowing that projects are protected against unforeseen events. This allows me to focus on my work without constantly worrying about potential risks and liabilities. Thanks Policybazaar.
4 November 14, 2022
Knowledeable Staff
The staff at PolicyBazaar were knowledgeable and helped me choose the right policy that fit my specific needs. I highly recommend Contractors All Risk Insurance through Policybazaar for anyone involved in construction projects."
4.3 October 25, 2022
Peace Of Mind
I recently purchased Contractors All Risk Insurance through PolicyBazaar and I am so happy with the services I received during the buying process. Also, the policy provided me with peace of mind during my construction project, as it covered unforeseen damages to the project site, materials and equipment. The claims process was straightforward and hassle-free and the insurance company promptly reimbursed me for the damages I incurred. Thanks Policybazaar
3.8 October 05, 2022
User Friendly Website
As a contractor, I was looking to buy Contractor all risk from the PolicyBazaar website online. So I went on their website and checked several details. It was well-maintained and described all the benefits in detail. I contacted their customer support and decided to buy from them. The website is really user-friendly and helpful. Highly Recommend. Thanks, PolicyBazaar.
4.5 October 01, 2022
Well Maintained Website
I was looking to buy contractor all-risk insurance that protects property from any damages and landed on the policybazaar website. It is well written & maintained website and provided all the necessary information. The add-ons are also affordable and provide extra protection.
4.5 September 30, 2022
All In One Policy
Unique perks, low premium, great customer support, and a claim settlement process are a few things that we have experienced with policybazaar. We bought a contractor all-risk policy last year and raised a claim for an incident. The process was simple and the claim was reimbursed in a few days.