Such a policy covers civil engineering projects such as buildings, roads, airports, flyovers, water tanks, sewage treatment plants, etc.

Such an “all risk” insurance covers Accidental physical loss or damage to contract works during the execution of a civil engineering project. Coverage begins from the commencement of work or after unloading of the first consignment at the project site, whichever is earlier, and terminates on handing over of the works to the principal or on expiry of the policy, whichever takes place at the earliest.

It may also include the: - interest of suppliers / manufacturers, contractors and also Subcontractors.

Public liability coverage like: personal injury, property damage to any third party during the project execution.

Extensions may also cover the following:

• Earthquake
• Act of terrorism
• Escalation
• Limited maintenance cover
• Extended maintenance cover
• Clearance and removal of debris
• Damage to owner’s surrounding property
• Third party Liability
• Cross Liability
• Express freight, holiday and overtime rates of wages
• Contractor’s plant and machinery
• Inland Transit
• Innocent Non-Disclosure/Breach of Policy Conditions
• Serial losses
• Vibration, removal or weakening of support
• Loss or damage due to strike, riot and civil commotion (SRCC)
• Drilling work for water wells
• Suspension of Testing
• Fire Fighting
• Automatic Increase Clause
• Test Run Definition for Gas Turbine
• Test Run Definition for Steam Turbine
• Declaration Clause
• Marine off Shore works
• Coffer Dams