Contractors All Risk Insurance
The infrastructure sector forms the backbone of the Indian economy, driving GDP growth and receiving strong government focus through policies aimed at developing world-class facilities. This sector encompasses power, bridges, dams, roads, and urban infrastructure projects, with rapid development across the country in recent years.
Contractors All Risk (CAR) Insurance is a comprehensive package policy that protects against loss or damage to contract works, construction plant and equipment, and construction machinery. It also covers third-party liability arising from bodily injury or property damage during the course of a project.
Losses or damage during construction can result in significant financial exposure and disrupt project timelines. Contractors are often held liable for such damages, making CAR insurance an essential risk management tool.
At Securisk Insurance Broking Pvt. Ltd., we have extensive experience handling CAR policies for clients across the infrastructure sector. Our dedicated team understands the unique requirements of each project and delivers tailored insurance solutions promptly and efficiently.
Key Coverages
Damage to insured property on-site due to perils such as fire, flood, cyclone, earthquake, and other contingencies
Third-party liability for bodily injury or property damage arising during the project