Risk-proof your construction projects with customized plans for contractors
Don't let risks compromise your hard work. Our tailored insurance solutions cover every aspect of your construction projects, big and small.
Our Trusted Partners
Insurance Policy to Cover Contractors
Custom Insurance Solutions for Contractors
Our contractor’s all-risk insurance policy ensures every phase of your build is covered, from groundbreaking to completion.
What are the Risks Faced by Contractors
Site Accident Lawsuit
A contractor was sued after a worker suffered severe injuries at a construction site, raising liability and safety concerns.
Equipment Damage Halt
Heavy machinery breakdown during a metro project caused massive delays, with contractors absorbing repair costs and penalties.
Project Delay Dispute
A real estate developer filed claims against contractors for missed deadlines after monsoon damage stalled site work.
Insured Professionals: Who's Covered?
Customers & Third Parties
Professionals & Consultants
Employees
Construction Equipment and Asset Protection
Inclusions
Project-Specific Risks
Covers unforeseen site-specific risks under Contractor’s All Risk Insurance Policy.
Third-Party Liability
Provides coverage for damages to third parties under Commercial General Liability Policy.
Equipment Damage
Insures against damage to construction equipment under Asset Insurance.
Workforce Protection
Offers coverage for accidental injuries to employees under Workmen Compensation Insurance.
Professional Negligence
Protects against claims of professional errors under Professional Indemnity Insurance.
Exclusions
Intentional Damage
Does not cover damages caused intentionally by the insured.
Prior Knowledge
Does not cover claims arising from circumstances that were known or should have been known prior to the policy inception date.
Insured vs Insured Claims
Typically excludes claims between insured parties.
Wear and Tear
Does not cover normal wear and tear of equipment and machinery.
War and Terrorism
Excludes damages resulting from acts of war or terrorism.
How are Contractors Covered with Insurance
In July 2018, a portion of the Gokhale Bridge in Andheri, Mumbai, collapsed, resulting in one death and several injuries. The incident led to significant financial losses for the contractors involved in the bridge's construction and maintenance. The BMC held the contractors responsible for the collapse, citing poor quality of work and lack of proper maintenance. With Contractor Insurance, the contractors can easily mitigate the financial impact of this disaster.
Secure your Contractors Business Today!
Covrzy’s Insurance for Contractors is here to safeguard your business in minutes. Connect with a Covrzy expert to craft your perfect insurance plan.
Frequently Asked Questions
How can Covrzy's insurance protect against third-party liability claims?
Our Liability Insurance for Contractors covers damages to third parties, ensuring you're protected against unforeseen claims.
Does Covrzy offer insurance for construction equipment in India?
How does Builder's Risk Insurance benefit contractors?
Do you have more questions?
Contact us for any queries related to business insurance, coverages, plans and policies. Our insurance experts will assist you.
Complete Coverage Against Construction Liabilities
Connect with Covrzy’s experts to ensure your business is fully protected and compliant
