Digit Construction All Risk Insurance

Digit Contractors All Risk Insurance provides extensive protection against risks encountered during construction. It covers public liability, contract works, owned and hired-in equipment, and employee tools, helping contractors reduce financial risks and handle unexpected accidents effectively.

₹1 Lakh cover starting at ₹590/month⁺

Your shield for every construction project from

fire or theft

third-party injury

unforeseen site damages

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Digit Contractors' All Risk Insurance Inclusions

The inclusions under the Digit Contractors All Risk policy are:

Material Damage: Any damage to insured property during the policy period - except for exclusions listed in the policy - is covered up to the specified limit. The policy also reimburses the cost of debris removal and site clearance.
Third-Party Liability: This policy covers legal responsibilities for damage to someone else's property or injury (fatal or non-fatal) to individuals who are not the insured’s employees.
Legal Compensation: It covers litigation costs and expenses incurred with prior written approval or those legally recovered by a claimant.
Comprehensive Protection: This policy offers extensive coverage for projects, subject to stated exclusions, and is typically available for construction projects where civil work constitutes more than 50% of the total project value.

Exclusions Under Digit Contractors’ All Risk Insurance

This policy does not provide coverage for losses, damages, or liabilities resulting from the following:

War & Civil Disturbances - Losses caused by war, invasions, rebellions, riots, or actions taken by government authorities.
Nuclear Hazards - Any damage due to nuclear reactions, radiation exposure, or contamination.
Deliberate Actions - Losses resulting from intentional misconduct or negligence by the insured or their representatives.
Work Interruptions - Financial losses due to a complete or partial halt in construction activities.
Terrorism-Related Incidents - Damages arising from acts of terrorism, including violence or threats driven by political or ideological motives.
Government Intervention - Losses caused by confiscation, requisition, or destruction by official authorities.

Digit Insurance: Step-by-Step Claim Process

Follow these steps to file a claim under the Contractors' All Risk Insurance policy:

Notify your insurer about the incident as soon as possible.
Share essential details, including the policy number and a description of the event.
Once the claim is registered, you will receive a claim reference number.
A surveyor will assess the extent of the damage.
After approval, the insurer reviews the financial and legal aspects before processing the claim settlement.

Period of Cover

The insurance coverage begins when construction starts after unloading the insured property at the site.
Coverage ends on the date specified in the policy or earlier if parts of the project are taken over or put into use before that date.
If construction is completed earlier than expected, no premium refund will be given unless the insurer allows it.
If construction extends beyond the insured period, coverage may be extended upon payment of an additional premium

1. What is Digit Construction All Risk Insurance?

Ans: Digit Construction All Risk Insurance is a policy that provides financial protection against risks and damages that may occur during the construction phase. It covers material damage, third-party liabilities, and additional costs related to unforeseen incidents.
2. Who should buy this insurance?

Ans: This policy is ideal for contractors, builders, project owners, and engineering firms involved in civil construction projects.
3. What does Digit Contractors All Risk Insurance cover?
Ans: The policy typically covers:
- Material damage due to accidents, natural disasters, or theft.
- Third-party liability for property damage or injury to individuals other than employees.
- Additional expenses like debris removal costs.
4. What are the exclusions under this policy?
Ans: The policy does not cover losses due to:
- War, riots, or government actions.
- Nuclear hazards or radiation.
- Deliberate negligence or intentional damage.
- Work stoppage or delays.
- Acts of terrorism.
5. How long does the Digit Contractors All Risk Insurance coverage last?

Ans: Coverage begins when construction starts and continues until the project is completed or handed over. Extensions can be provided if the project takes longer than expected.
6. How do I file a claim?
Ans: To file a claim, follow these steps:
- Notify Digit Insurance about the incident immediately.
- Provide policy details and incident reports.
- A surveyor will assess the damage.
- Once approved, the claim will be processed and settled.
7. Can I extend my coverage if my project gets delayed?

Ans: Yes, you can extend coverage by paying an additional premium, subject to approval by Digit Insurance.
8. How is the premium for this policy calculated?

Ans: The premium depends on factors like the project value, construction type, duration, and risk exposure.

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Disclaimers⁺
⁺Premium may vary on the basis of business activity, type etc.
⁺Disclaimer: The starting premium of ₹590 is for a 1-month project with ₹1 lakh Sum Insured, applicable to the occupancy 'Other sundry works for residential/commercial building' under TATA AIG in Delhi. The actual premium may vary based on occupancy type, insurer, add-ons, and location. Standard terms and conditions apply. Please refer to the sales brochure for complete details on risk factors, terms, and conditions before making a purchase.
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The details of insurance coverage, inclusions and exclusions are subject to change as per solutions offered by insurance providers. The content has been curated based on the general practices in the industry. Policybazaar is not responsible for the factual correctness of these details.

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Your shield for every construction project from

third-party injury