Surat Metro Incident Highlights the Importance of Contractor's All Risk (CAR) Insurance

A significant accident occurred last evening at the Surat Metro project when a large crane collapsed onto a bungalow in the Yamunanagar 2 society of Nana Varachha, causing extensive damage. Fortunately, the house was vacant at the time, but the crane operator sustained injuries and was promptly hospitalized. This marks the second accident in less than a month, with a similar incident taking place on July 30th.

As the construction of the metro system progresses, these accidents underline the critical need for Contractor's All Risk (CAR) insurance. Large-scale infrastructure projects are prone to unexpected incidents, which can lead to substantial financial losses. These may include damage to construction work, equipment, and even third-party claims.