Contractors All Risk Insurance for Schools

Construction projects in educational institutions, such as schools and universities, play a crucial role in upgrading facilities. It helps in expanding campuses and creating a learning environment for students. However, construction sites are inherently risky. Moreover accidents or unforeseen events can result in significant financial losses and project delays. To mitigate these risks, CAR insurance provides comprehensive coverage specifically tailored for construction projects.

Read more

Get right expert advice

Hassle free policy

Speedy Claims

Fast-track your search with instant quotes from top insurers

Get ₹1 crore cover
starting at ₹6,500/transit+

Step 1/2

Get ₹1 crore cover starting at ₹6,500/transit +

Property Type
secure-icon We don't spam
Get Updates on WhatsApp
View Plans

Get ₹1 crore cover
starting at ₹6,500/transit+

Step 2/2
Fast-track your search with instant quotes from top insurers
Expert advice

Buy right

Instant policy

Quick & Hassle free

Dedicated team

Speedy Claims

Contractors All Risk Insurance for Schools: Inclusions

  • CAR insurance covers the school building and its contents against various risks. This includes fire, theft, vandalism, and natural disasters like storms or earthquakes.
  • It includes coverage for the construction equipment and machinery used in the school project. This includes cranes, excavators, and other tools.
  • CAR insurance can cover the professional fees incurred for surveyors, architects, engineers. It includes other professionals necessary for the repair or reconstruction of the school.
  • The Contractor all risk insurance policy typically covers the cost of removing debris from the construction site after an accident or damage.
  • CAR insurance can provide coverage for financial losses incurred due to delays in the construction project. This includes additional expenses and loss of income.
  • It includes coverage for temporary structures, such as scaffolding or temporary classrooms, used during the construction process.
  • CAR insurance can cover the repair or replacement costs of machinery and equipment that suffer a breakdown during the construction period.
  • The policy covers risks specific to the construction site. This includes collapse, theft, damage due to faulty design or workmanship, and accidental damage caused by construction activities.
  • CAR insurance can provide coverage for materials and supplies that are being transported to the construction site, protecting against theft, damage, or loss during transit.

Contractors All Risk Insurance for Schools: Exclusions

  • CAR insurance typically excludes coverage for any damages or losses that were present or known before the policy inception or construction project start date.
  • Normal wear and tear of the insured property, such as gradual deterioration, is typically not covered by CAR insurance.
  • CAR insurance usually does not cover losses resulting from delays in project completion, unless specifically included as an extension or endorsement.
  • CAR insurance generally excludes coverage for any indirect or consequential losses. This includes loss of revenue or business interruption.
  • Damage or losses to existing structures that are not part of the construction project are often excluded from CAR insurance coverage.
  • CAR insurance may exclude coverage for damages caused by faulty design, defective materials, or poor workmanship unless specifically stated otherwise.
  • CAR insurance policies typically exclude coverage for damages caused by war, acts of terrorism, civil unrest, or riots.

Contractors All Risk Insurance for Schools Add-ons

  • Delay in Start-Up (DSU) Insurance
  • Professional Indemnity Insurance
  • Advanced Loss of Profits (ALOP) Insurance
  • Terrorism Coverage
  • Surrounding Property Insurance
  • Professional Fee Insurance
  • Legal Expenses Insurance
  • Pollution and Environmental Liability Insurance
  • Employee Tools and Personal Effects Insurance

Claiming process in Contractors All Risk Insurance for Schools

  1. Notify the insurance company
  2. Document the loss
  3. Contact the insurance agent/broker
  4. Submit the claim forms
  5. Provide supporting documents
  6. Await claim assessment
  7. Claim evaluation
  8. Settlement
  9. Claim payment


  • Q: What should schools do in the event of a claim?

    Ans: In the event of a claim, schools should promptly notify the insurance provider or broker. It should further follow the claims process as outlined in the insurance policy. This typically involves providing relevant documentation, such as incident reports, photographs of damage, and any other supporting evidence. It is crucial to document the damage. It is also important to mitigate further loss to the extent possible while waiting for the insurance provider to assess the claim.
  • Q: Who typically purchases Contractors All Risk Insurance for schools?

    Ans: Contractors, developers, or individuals undertaking construction or renovation projects in schools usually purchase CAR Insurance. However, the school authorities may also opt to purchase it directly. This ensures adequate protection for their property and liabilities during the construction phase.
  • Q: How can schools benefit from Contractors All Risk policy?

    Ans: Contractors All Risk Insurance provides several benefits to schools. This includes the following.
    • Protection against financial losses: It safeguards the school's investment in construction or renovation projects by covering potential damages, liabilities, and delays.
    • Peace of mind: With insurance in place, schools can have peace of mind knowing that their property and interests are protected during the construction phase.
    • Compliance with contractual requirements: Many construction contracts require contractors to carry CAR Insurance. This is so that schools can ensure compliance with these contractual obligations.
    • Minimizing project disruptions: In case of damage or delays, the insurance can provide funds to help expedite repairs. It also helps to minimize disruptions to the school's operations.
  • Q: How can schools determine the appropriate coverage for their Contractors All Risk Insurance?

    Ans: Determining the appropriate coverage for CAR Insurance requires assessing the specific needs and risks of the construction project. It is advisable for schools to consult with insurance professionals or brokers who specialize in construction insurance. These experts can evaluate the project's scope, budget, and potential risks to recommend suitable coverage limits and policy terms.
Written By: PolicyBazaar - Updated: 09 June 2023

Now help your friend get Business Insurance

Your referral is greatly appreciated!

Our team will reach out to your friend soon to help with their business insurance requirements.

Policybazaar for Business - Contractors All Risk Insurance - Customer Reviews
View all
Based on 28 reviews
out of 5
Based on 28 reviews
1 users
21 users
6 users
0 users
0 users
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.