Contractors All Risk Insurance for Tunnel Construction

Contractors all risk insurance for tunnel construction provides coverage for physical loss or damage caused to construction material, insured property, plant & machinery used during the construction of tunnels. Along with this, the policy offers coverage for third-party liability arising due to work conducted at the construction site.

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By clicking on "" you agree to our Privacy Policy and Terms of Use, and also provide us a formal mandate to represent you to the insurer and communicate to you the grant of a cover.

Types of Tunnel Construction Coverage

There are two types of tunnel construction covered in this policy-

  • Above sea level
  • Below sea level

Note- *the project period might vary from 1 month to 24 months

Contractors All Risk Insurance for Tunnel Construction: Inclusions

Contractors all risk policy for tunnel construction covers the following perils-

  • Loss or damage caused due to lightning and fire
  • Loss or damage caused due to several natural calamities, including floods, storms, tempests, and inundations
  • Loss or damage caused due to man-made hazards such as riots, strikes, and vandalism
  • Loss arising out of theft or burglary
  • Loss or damage arising out of collision or due to impact of any third-party vehicle or collapse
  • Loss or damage caused due to landslides, rockslides, or subsidence

Contractors All Risk Insurance for Tunnel Construction: Exclusions

Contractors all risk insurance for tunnel construction does cover the following perils-

  • Loss arising due to defective material or faulty design
  • An inventory loss
  • Loss arising due to regular wear & tear of machinery or any other equipment
  • Loss or damage arising out of war or any other related perils
  • Loss or damage caused due to radioactive contamination, nuclear reaction, or radiation
  • Consequential losses in the insured property
  • Loss or damage arising out of cessation of work, whether partial or complete
  • Loss or damage caused due to willful negligence or willful act of the policyholder

Contractors All Risk Insurance for Tunnel Construction: Add-ons

To enhance the coverage of contractors all risk insurance policy, insurers offer add-on cover for the following perils-

  • Coverage for contractor's plant and machinery
  • Coverage for earthquakes
  • Coverage for construction equipment, including scaffolding, shuttering material, etc.
  • Third-party liability coverage
  • Surrounding property damage cover
  • Coverage for removal of debris
  • Coverage for the act of terrorism
  • Coverage for a maintenance visit or extended maintenance

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Written By: PolicyBazaar - Updated: 24 January 2023