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PROJECTS INSURANCE


Projects have a direct impact on every company bottom line, making every expense, including Project insurance cost, an important cost variable.Our industry expertise ensures that our clients maximize project insurance policy coverage and minimize risk exposures while improving their bottom line. Project covers are largely All Risk which include cover for all accidental damages to the contract work unless specifically excluded. The solutions have varied from simple to complex design on specialised risks and Edify has provided Risk Management solutions to medium and Large projects. We have assisted with advice and services to manage all aspects of construction-related risk– from managing complex professional liability issues through job-site safety and claims management support. The expertise extends to superior risk execution of internal erection projects which Edify can bring to your business.

Contractor’s all risk insurance (CAR)

This policy offers comprehensive cover by covering risks which may arise during construction period. It gives financial protection to the civil engineering contracts in the event of any accident.

The Contractor’s All Risk policy is for civil constructions works like residential or commercial buildings, Factory sheds, dams, Roads & bridges, Canals, irrigation projects, etc

The policy also covers legal liability to third parties arising as a result of the project activity during the construction period

The CAR policy can be availed for the entire project period starting from arrival of material at site and till project completion Premium can be paid in installments for projects of duration more than 12 months.

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Erection All Risk (EAR)

Erection All Risks (EAR) insurance provides coverage for the erection and installation of electrical or mechanical plant and machinery.

The erection and installation stage provides a large amount of exposure and risk that often may lead to potential loss or damage.This liability falls on the contractor or employer. EAR insurance provides coverages for such situations. EAR policies are designed to cover the risk of loss arising out of the erection and installation of machinery, plant and steel structures, including physical damage to the contract works, equipment, and machinery, and liability for third-party bodily injury or property damage arising out these operations. Coverage for the delay in a start-up can be added as optional coverage.

The Contractor’s All Risk policy is for civil constructions works like residential or commercial buildings, Factory sheds, dams, Roads & bridges, Canals, irrigation projects, etc

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Plant and Machinery (CPM)

CPM policy is mainly designed to protect the interest of civil contractors owning Contractor's Plant & Machinery Policy so as to ensure that their equipments are well covered against the damage or destruction related to various civil engineering projects.

​​​​​​​Plants and Machinery like, fork lift trucks, compressors, bulldozers, drilling machines, etc, account for a major part of a contractor's investment.

There are various risks associated with damage to these vital plant & machinery’s due to all the toughest work on any project site is done by these plants & machineries. Get Reliance Contractor's Plant and Machinery Insurance Pol​​icy to protect your business from any probable loss of damage or repair and replacement costs of plant & machinery.​

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