Contractors All Risk Insurance for Water Supply Installation

Contractors All Risk Insurance for Water Supply Installation: Inclusions

Contractors all risk insurance for water supply installation covers the following perils-

• Loss or damage caused to the insured project site due to lightning and fire
• Loss or damage caused to the insured project site during natural calamities such as storms, floods, tempests, and inundations
• Loss or damage caused to the insured project site due to landslide and rockslide
• Loss or damage caused to the insured project site due to man-made hazards, including riots and strikes
• Loss or damage caused to the insured project site because of third-party vehicle collapse and collision
• Any loss or damage due to theft or burglary

Contractors All Risk Insurance for Water Supply Installation: Exclusions

Contractors all risk insurance for water supply installation does not cover the following perils-

• If the damage is due to defective material or faulty design
• If there is inventory loss
• If the damage is due to regular wear & tear of the machinery and plant
• In case of loss due to termination of the project (both partial or total)
• In case of loss due to willful negligence or any willful act by the insured party
• If the loss or damage arises due to war or any other related perils
• Any kind of consequential losses arising in the insured project site

Contractors All Risk Insurance for Water Supply Installation: Add-ons

The insurer offers several add-on covers with contractors all risk insurance policy to enhance the existing coverage-

• Coverage for contractor's plant and machinery
• Coverage for surrounding property damage
• Coverage for damages due to earthquakes
• Coverage for terrorism
• Coverage for third-party liabilities
• Coverage for a maintenance visit or extended maintenance
• Coverage for removal of debris

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