Digit Contractors All Risk Insurance

Established in 2016, Digit Insurance Company stands out as a leading general insurance provider in India. A subsidiary of Go Digit Infoworks Services Private Limited, Digit focuses on delivering insurance solutions across various sectors including health, travel, business, and vehicles. The company's primary goal is to streamline insurance products, ensuring they are easily understandable. Digit strives to create products that even individuals as young as 15 years old can grasp effortlessly.

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Digit Contractors All Risk Insurance: Inclusions

The Contractors' All Risk insurance provided by Go Digit General Insurance Limited covers the following:

  • Material Damage: In the event of property damage occurring for any reason not specifically excluded during the policy period, Digit's policy provides coverage up to the specified amount. The insured will be reimbursed for the expenses related to debris clearance and removal.
  • Third-Party Liability: Digit's policy ensures indemnification for legal liabilities arising from the loss of other persons' property or injuries, fatal or non-fatal, to individuals other than the insured's employees.
  • Compensation: The policy also covers all costs and expenses related to litigation, whether recovered by claimants or incurred by the insured with our written consent.
  • Comprehensive Cover: Designed for projects where civil construction works constitute more than 50% of the total project value, the policy offers comprehensive coverage, subject to specified exclusions.
  • Add-On Covers: To address expenses not covered by the policy, additional coverage can be obtained through add-on covers.

Digit Contractors All Risk Insurance: Exclusions

Digit contractors all risk insurance does not provide coverage for the following perils:

  • Accidents Involving Vehicles: Accidents caused by vehicles on roads, water, and air are expressly not covered by the policy.
  • Defective Material and Artistry: Loss and damage resulting from the use of defective material, casting, and poor artistry are not covered under the policy.
  • Normal Wear and Tear and Negligence: Claims for damage due to normal wear and tear or negligence are not entertained by the policy.
  • Costs of Alterations and Improvement: The policy does not cover the costs of any alterations, additions, or improvements made as part of the regular maintenance of the building.
  • Faulty Design, Terrorism, War, and Nuclear Perils: Damage caused to the building due to faulty design, terrorism, war, and nuclear perils is not covered in the policy.
  • Loss of Files, Drawings, Accounts and Bills: Loss or damage to files, drawings, accounts, bills, contractual liabilities, and third-party liability are not covered in the Contractors' All Risks Insurance policy.
  • Loss Due to Faulty Design and Inventory Discovery: Loss due to faulty design and losses discovered only at the time of taking an inventory are not covered.
  • Policy Excess: The amount of loss falling under the policy excess, as highlighted in the policy, is not covered.

Digit Contractors All Risk Insurance: FAQs

Written By: PolicyBazaar - Updated: 18 December 2023
Policybazaar for Business - Contractors All Risk Insurance - Customer Reviews
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4.2/5
Based on 28 reviews
4.2
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Based on 28 reviews
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3.8 February 22, 2023
Aditya
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.
Allahabad
4.3 February 02, 2023
Umang
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.
Jamshedpur
3.8 January 13, 2023
Astha
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.
Vadodara
4.3 December 24, 2022
Usha
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.
Ludhiana
4.3 December 04, 2022
Simran
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.
Kochi
4 November 14, 2022
Lovejeet
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."
Coimbatore
4.3 October 25, 2022
Rahil
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
Lucknow
3.8 October 05, 2022
Anuj
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.
Kolkata
4.5 October 01, 2022
Subh
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.
Delhi
4.5 September 30, 2022
Neeraj
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.
Jaipur