Contractors All Risk Insurance for Residential & Commercial Building
Contractors all risk insurance for residential and commercial building provides coverage against any loss or damage caused to the construction machinery, equipment or construction plant during the construction of the building. The policy also covers third-party claims arising due to bodily injury or property damages.

Get ₹15 lakh Construction All Risk cover for only ₹3000*
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Types of Residential & Commercial Building Sub Categories
Here is a list of sub categories under Contractors all risk insurance for Residential & Commercial building:
- Other than RCC & exceeding 2 storeys and up to 5 storeys
- Other than RCC and not more than 2 storeys
- RCC framed structure above 5 storeys and up to 10 storeys
- RCC framed structure above 10 storeys and up to 15 storeys
- RCC framed structure above 15 storeys and up to 25 storeys
- RCC framed structure above 25 storeys and up to 30 storeys
- RCC framed structure above 30 storeys and up to 40 storeys
- RCC framed structure above 40 storeys and up to 50 storeys
*The project period varies from 1 month to 24 months
Contractors All Risk Insurance for Residential & Commercial Building: Inclusions
Contractors all risk insurance for residential and commercial building provides coverage for the following:
- Loss or damage caused due to fire and lightning
- Loss or damage caused due to Riot/Strike/Malicious activities
- Loss or damage caused due to flood, storm, Inundation, tempest
- Loss or damage caused due to collision, collapse or impact
- Loss due to theft & burglary
- Loss or damage due to landslide, rockslide or subsidence
Contractors All Risk Insurance for Residential & Commercial Building: Exclusions
Contractors all risk insurance for residential and commercial building does not provide coverage for the following:
- In case of cessation of construction work whether total or partial
- Regular wear and tear
- Inventory losses are not covered
- Loss or damage caused due to faulty design
- Loss or damage is caused due to war or other related perils
- Loss or damage caused due to defective material
- Loss or damage due to nuclear reaction, radioactive contamination or nuclear radiation
- Loss or damage caused due to willful misconduct or negligence of the insured
- Any kind of consequential loss
Contractors All Risk Insurance for Residential & Commercial Building: Additional Coverage
Here are some of the additional coverages provided under Contractors All Risk Insurance for Residential & Commercial Building:
- Third-party liability
- Contractors plant & machinery
- Surrounding property
- Earthquake
- Terrorism
- Maintenance visit or extended maintenance
- Construction equipment like shuttering material, scaffolding, etc.
- Removal of debris
FAQs
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Ques 1: Is contractors all risk insurance policy mandatory to purchase?
Ans: It is obligatory for the contractors to purchase contractors all risk insurance before the commencement of the project. The policy should be purchased by principal and contractors in their joint names. -
Ques 2: What impacts the cost of contractors all risk insurance?
Ans: The more add-ons you purchase the more insurance premium you will have to pay for that additional coverage. -
Ques 3: Does contractors all risk insurance policy provide coverage for the risk pertaining to the surrounding property?
Ans: Basic coverage does not provide cover for the risk pertaining to the surrounding properties but the insurance companies do offer add-on to cover the surrounding properties. -
Ques 4: Does contractors all risk insurance provide coverage for the removal of debris?
Ans: Insurer offers an add-on for the coverage of the removal of debris.