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Insurance

Project Insurance

Build with confidence, from foundation to handover.

Project insurance, including Contractor's All Risk (CAR) and Erection All Risk (EAR) policies, covers material damage and third-party liability while a project is being built or installed. It protects developers, contractors and owners from losses that could stall a project or eat into its budget.

Free, no-obligation advice. Most callers hear back from an advisor the same day.

Cover WhatsApp
Policy types
CAR, EAR, CPM
Covers
Works, materials, liability
Term
Full project period
For
Owners, developers, contractors
Types of plan

Choose the project insurance that fits you

Not sure which one is right? Tell us your situation and we'll recommend the best fit.

01

Contractor's All Risk (CAR)

Civil construction projects such as buildings, roads and bridges.

02

Erection All Risk (EAR)

Installation and commissioning of plant and machinery.

03

Delay in Start-Up (DSU)

Covers loss of profit if an insured loss delays project completion.

04

Third-party liability

Injury or property damage caused to others during the works.

Key benefits

Why people choose our project insurance advice

  • Cover for the full construction or installation period
  • Material damage and third-party liability together
  • Optional cover for delay in start-up
  • Often required by lenders and project owners
Cover details

Know exactly what you're buying

We read the fine print for you and explain inclusions, exclusions and waiting periods in plain words.

  • Damage to works and materials on site
  • Fire, flood, storm and earthquake
  • Theft and burglary on site
  • Third-party injury and property damage
  • Real estate developers
  • Civil and infrastructure contractors
  • Factories installing new plant and machinery
  • Project owners and EPC companies
  • Faulty design or defective material (unless extended)
  • Normal wear and tear
  • Penalties for delay (unless DSU taken)
  • Losses after handover
Premiums

Project Insurance premium: what decides it?

Two people buying the same project insurance can pay very different premiums. Here is what insurers look at, and how to pay less without cutting the cover you need.

What it depends on

  • Age of the person or vehicle being insured
  • Sum insured or cover amount chosen
  • Health, lifestyle and medical history (for life and health cover)
  • Add-ons and riders selected
  • Claim history and no-claim bonus (for motor and health)
  • City or zone, occupation and policy term

How to pay a lower premium

  • Buy early: premiums are lowest when you are young and healthy
  • Choose the right cover, not the cheapest or the biggest
  • Compare insurers on claim record and exclusions, not just price
  • Pick only the add-ons you actually need
  • Renew on time to keep your no-claim bonus and waiting-period credit
Required documents

Documents required for Project Insurance

Choose your applicant type to see the checklist. Keep self-attested copies ready; we'll collect and verify them for you.

Document Proof

10 items
  • Utility Bill (Electricity / Water / Telephone)
  • Bank Statement
  • GST Certificate
  • Udyam Certificate
  • Aadhaar Card
  • PAN Card
  • Passport
  • Project Contract / Work Order
  • Bill of Quantities (BOQ) & Project Value
  • Project Timeline

Income Proof

3 items
  • Income Tax Return (2 yrs)
  • GSTR (3 yrs)
  • Bank Statement (12 months)

Document Proof

9 items
  • Utility Bill (Electricity / Water)
  • Bank Statement
  • GST Certificate
  • Company PAN Card
  • MOA / AOA / COI
  • Udyam Certificate
  • Project Contract / Work Order
  • Bill of Quantities (BOQ) & Project Value
  • Project Timeline

Income Proof

5 items
  • Income Tax Return (2 yrs)
  • GSTR (3 yrs)
  • Bank Statement (12 months)
  • Audited Balance Sheet (2 yrs)
  • Complete Balance Sheet with Audit Report (3 yrs)

The exact list can vary by insurer and your profile. Not sure what applies to you? Our advisor will confirm in one call.

How we help

From first call to claim

Scroll through the steps to see what we do at each stage.

Step 1

Understand what to protect

We look at your family, health, assets and budget to work out the right project insurance for you.

Step 2

Compare insurers for you

We compare plans from top insurers on cover, exclusions, waiting periods and claim record.

Step 3

Buy with clarity

We explain the policy wording in plain words and help with the proposal form and medicals.

Step 4

Support at claim time

When you need to claim, we help with paperwork and follow up with the insurer.

Expert tips before you buy

  1. 1Insure the full contract value, including materials supplied by the owner.
  2. 2Add maintenance-period cover for defects found after completion.
  3. 3Keep site security and safety logs; insurers check them at claim time.
FAQs

Project Insurance: common questions

CAR covers civil construction work, while EAR covers erection and installation of plant and machinery.

Contact us

Talk to an expert today

Share a few details and we will call you back. The first consultation is free.

Request a call back

We usually respond the same working day.

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Your financial goals,
one window away.

Speak to an advisor today. Free consultation, honest advice, and help with every document.

Get a free consultation +91 92122 66375 WhatsApp