For Contractor ‘s All Risk
This Insurance is for covering all Civil Engineering Projects such as Buildings, Bridges, Canals, Roads, and Tunnels. The Period of Insurance is the same as the Contract period and the Maintenance Period thereafter, if any. The Policy covers the Contract Works and can be extended to cover the Principal’s Existing Property, Removal of Debris and Professional Fees. Section-2 of the Policy affords protection against Liability to Third Parties up to the chosen limit of Indemnity. The Policy is taken in the name of the Principal, Contractor, or Sub-Contractor either individually or jointly.