Contractors All Risk Insurance for Water Supply Installation

Contractors all risk insurance for water supply installation covers unforeseen incidents causing considerable financial loss during the installation of water supply in project site. The policy also covers the plants & machinery and third party liabilities arising on the project site.

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Medical & Legal Costs Covered
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Contractors All Risk Insurance for Water Supply Installation: Inclusions

Contractors all risk insurance for water supply installation covers the following perils-

  • Loss or damage caused to the insured project site due to lightning and fire
  • Loss or damage caused to the insured project site during natural calamities such as storms, floods, tempests, and inundations
  • Loss or damage caused to the insured project site due to landslide and rockslide
  • Loss or damage caused to the insured project site due to man-made hazards, including riots and strikes
  • Loss or damage caused to the insured project site because of third-party vehicle collapse and collision
  • Any loss or damage due to theft or burglary

Contractors All Risk Insurance for Water Supply Installation: Exclusions

Contractors all risk insurance for water supply installation does not cover the following perils-

  • If the damage is due to defective material or faulty design
  • If there is inventory loss
  • If the damage is due to regular wear & tear of the machinery and plant
  • In case of loss due to termination of the project (both partial or total)
  • In case of loss due to willful negligence or any willful act by the insured party
  • If the loss or damage arises due to war or any other related perils
  • Any kind of consequential losses arising in the insured project site

Contractors All Risk Insurance for Water Supply Installation: Add-ons

The insurer offers several add-on covers with contractors all risk insurance policy to enhance the existing coverage-

  • Coverage for contractor's plant and machinery
  • Coverage for surrounding property damage
  • Coverage for damages due to earthquakes
  • Coverage for terrorism
  • Coverage for third-party liabilities
  • Coverage for a maintenance visit or extended maintenance
  • Coverage for removal of debris

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Written By: PolicyBazaar - Updated: 07 May 2023
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