Contractors/Erection All Risk
Protects risks in construction projects, including material, labor, erection projects against damage and third-party liabilities.
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Contractors Plant & Machinery
Guards construction machinery and equipment from unforeseen damage or loss, essential for project continuity.
Advance Loss of Profit
Secures financial stability by covering losses from delayed project starts, preserving expected profitability
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Marine Inland & Imports
Ensures the safety and financial protection of goods during transit, crucial for maintaining supply chain integrity
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Liability Programs
Provides broad protection against various liability claims, safeguarding the company’s financial well-being
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Worker's Compensation
Delivers statutory benefits for employee injuries or illnesses acquired on the job, ensuring legal compliance.
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Surety Bond
Guarantees fulfillment of contractual and regulatory commitments, protecting against defaults and non-compliance.
PRODUCTS & COVERAGES
Blueprints for Safety: Coverage Essentials in Construction
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Ensuring the Foundation
Construction
In India's burgeoning construction sector, balancing rapid growth with meticulous risk management is crucial. As the industry significantly contributes to the GDP and employment, it encounters myriad challenges, from on-site safety hazards to complex legalities and unforeseen project delays. In this environment, insurance becomes a strategic foundation for sustainable growth and stability, not just a regulatory requirement. It protects financial investments and ensures workforce well-being amidst uncertainties. Tailored insurance solutions offer reliability, empowering companies to navigate regulatory compliance, environmental concerns, and contractual obligations confidently, adapting to evolving technologies and methodologies
OVERVIEW
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Accidents and Safety: On average, the construction industry sees a 20% higher rate of on-site accidents compared to other industries. Insurance can cover medical costs, legal fees, and compensation, ensuring that both workers and employers are protected.
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Project Delays: With nearly one-third of projects experiencing delays, insurance against project interruption can help manage financial risks, covering additional costs that arise from unexpected hold-ups.
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Theft and Vandalism: Construction sites are often targets for theft and vandalism. Comprehensive insurance policies can cover losses, ensuring that projects stay on track.