Tata AIG Contractors All Risk Insurance

The Tata AIG Contractors All Risk Insurance policy is designed to provide comprehensive protection for construction projects, covering a wide range of risks that may arise during work. This "All Risks" policy safeguards against sudden, accidental, and unforeseen physical loss or damage to property, including materials brought to the site and temporary works constructed on-site. With this robust coverage, Tata AIG ensures contractors can manage uncertainties effectively, allowing them to focus on completing their projects with confidence and reliability

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Get ₹1 crore cover starting at ₹6,500+ for a 1 year project

Get ₹1 crore cover starting at ₹6,500 + for a 1 year project

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About Tata AIG General Insurance Company

Tata AIG General Insurance Company Limited was formed by collaborating with the Tata Group and AIG (American International Group). Established on January 22, 2001, the company has built a strong presence in the insurance sector, completing over two decades of committed service by 2021.


The company operates through two primary divisions: consumer lines and commercial lines. The consumer lines division offers a variety of products, including motor, health, travel, home, and rural-agriculture insurance. On the other hand, the commercial lines division provides coverage for property, business interruption, liability, and niche solutions such as Reps & Warranties and Environmental Insurance.


Specialising in Travel, Marine Insurance, and Liability Insurance, Tata AIG continues to strengthen its position in the industry. The company aims to become a trusted leader in India's general insurance market by forming strategic partnerships with leading businesses across various sectors.

Tata AIG Contractors All Risk Insurance Inclusions

The inclusions under the Tata AIG Contractors All Risk Insurance are as follows:

  • Extensive ‘All Risks’ Protection: The policy covers unexpected, accidental, and sudden damages during construction, except for explicitly excluded risks.
  • Material Protection: It covers the materials and equipment brought to the construction site for project purposes.
  • Temporary Works: The policy covers temporary structures set up or constructed on-site as part of the project activities.

Tata AIG Contractors All Risk Insurance Add-ons

The add-ons under the Tata AIG Contractors All Risk Insurance are:

  • Protection for nearby property
  • Removal of debris expenses
  • Third-party liability coverage
  • Escalation costs up to 50%
  • Charges for air and express freight
  • Prolonged maintenance coverage
  • Extra customs duty

Note: The above list is indicative and not exhaustive

Tata AIG Contractors All Risk Insurance Exclusions

The Tata AIG Contractors All Risk Insurance policy does not cover the following:

  • War and Civil Disturbances: Losses caused by war, invasions, hostilities (whether declared or not), civil war, rebellion, revolution, insurrection, or civil unrest, including martial law or military power, are excluded.
  • Government Actions: Damage from orders by any government or authority, such as confiscation or requisition, is not covered.
  • Nuclear Risks: Coverage excludes any losses resulting from nuclear reactions, radiation, or radioactive contamination.
  • Intentional Acts: Damage caused by deliberate actions or negligence by the insured or their representatives is not included.
  • Work Interruptions: Claims arising from the suspension or cessation of work, whether partial or total, are not covered.
  • Inventory Shortages: Losses attributed to discrepancies in inventory are not insured.
  • Manufacturing or Design Defects: Damage caused by inherent manufacturing or design defects is excluded.

Indirect Losses: The policy does not cover any consequential or indirect losses.

TATA AIG Group Personal Accident Insurance - FAQs

  • Q1: What is covered under Tata AIG Contractors All Risk Insurance?

    Ans: The Tata AIG Contractors All Risk Insurance policy covers the following:

    • Protects against sudden, accidental damages.
    • Secures materials and equipment on-site.
    • Covers on-site temporary structures.
  • Q2: How can I contact TATA AIG General Insurance customer care?

    Ans: You can reach their toll-free number at 1800-266-7780. Additionally, you can email your complaints or queries to customersupport@tataaig.com

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Policybazaar for Business - Contractors All Risk Insurance - Customer Reviews
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4.2/5
Based on 28 reviews
4.2
out of 5
Based on 28 reviews
1 users
21 users
6 users
0 users
0 users
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