Civil engineering projects like buildings, bridges, dams, roads, etc. require huge capital investments and involve high risk of loss or damage. There may be accidents, natural disasters or unexpected happenings which can cause physical damage to the project, subsequently putting the responsibility for loss or damage on the contractor. This is where our Contractor???s All Risks Insurance comes to your aid.
The Contractor's All Risks Policy will cover any damage or loss to a civil engineering project thereby nullifying the risk of heavy losses. Cover is not a ???named peril??? policy but an ???all risks cover???, which means that it provides cover in the event of any loss or damage to the insured property unless caused by exclusions in the policy. This all risk policy that protects the interests of all the parties participating in the project, such as the principal, contractors, sub-contractors and financiers. Additionally, it will also protect the construction materials during storage and construction.
The sum insured should be the total project contract value together with the estimated cost of labour and construction materials.
The premium amount paid by the insured will depend on the type, value and duration of the project.
For more information on Contractor's All Risks Policy, please read the policy wordings.
You are entitled to use this insurance policy if you are involved in a civil engineering project as a contractor, subcontractor, financier, or the purchaser or owner.
To know more on eligibility conditions, please read the policy wordings.??????
Contractor, Subcontractor, Suppliers, Principal, Financier of the civil project under Construction
Civil engineering projects like buildings, bridges, dams, roads etc. which are under construction
Policy has 2 Sections -
Section 1- The policy is structured on an ???All Risk??? basis with specified exclusions and is not a ???named peril??? policy. It would indemnify the Insured against sudden and unforeseen physical loss of or damage to the property insured.
Section II - a) Legal liability for accidental loss or damage caused to property of other persons
b) Legal liability for fatal or non-fatal injury to any persons other than the Insured's own employees or workmen or employees of the owner of the works or premises due to construction of any property.
(i) Project / Policy period can vary from a single day to Multiple years.
(ii) Policy Provides cover during Storage and Construction Stage of the project
The Client has highly appreciated the inputs and report from Mr. Sudhanshu.
Its because of him we were able to convince the client to move to Liberty along with local sales support.???
We find the report is very exhaustive in bringing out the risk exposures and the works the client has to carry out for risk elimination. Surely the client will be benefited by the suggestions you have put forth.
The contents of your newsletter are quite interesting and informative.
This will help in creating awareness in the industry about the loss prevention and good maintenance.
Thanks for the good work you are doing.???
Liberty Mutual Insurance Group Announces
New Joint Venture Partnership for Indian
Company
Chances are that you are among a large number of people who forget to renew their vehicle insurance ....
Registration Number: 150 | ARN:Advt/2018/March/26 | CIN: U66000MH2010PLC209656
2019 Liberty General Insurance Ltd.
Reg Office: 10th floor, Tower A, Peninsula Business Park, Ganpat Rao Kadam Marg, Lower Parel, Mumbai - 400013
Trade Logo displayed above belongs to Liberty Mutual and used by the Liberty General Insurance Limited under license. For more details on risk factors, terms & conditions please read sales brochure carefully before concluding a sale.
Please provide your details & we will get back shortly.
Are you an existing Liberty General Insurance Customer?*
YES NOI agree to be contacted on my mobile no even if it is registered on NDNC registry
