Construction
Contractors, Developers & Infrastructure
Construction projects carry concentrated risk — high-value assets, multiple subcontractors, tight timelines, and liability exposure that extends beyond project completion. Coverage gaps between project and corporate policies are common.
Contact usKey Exposures
- Contract works damage during construction
- Third-party liability on and around site
- Defects liability post-handover
- Professional liability for design
- Subcontractor default and delays
Coverage Framework
- Contractors' All-Risk (CAR)
- Erection All-Risk (EAR)
- Public & Products Liability
- Professional Indemnity (for design)
- Surety Bonds
- Workmen's Compensation
Construction
Common questions about Construction coverage.
Whether owner-controlled (OCIP) or contractor-controlled, the principal usually has the larger insurable interest. OCIPs ensure consistency, eliminate duplication, and give you direct claims control. We structure both models.
Yes. IRDAI-licensed surety bonds are accepted by most public-sector and large-corporate beneficiaries, and they free up bank limits and cash collateral that would otherwise be locked up against guarantees.
Defects Liability Period (DLP) coverage extends CAR for 12–24 months post-handover, covering loss or damage attributable to faulty design, materials, or workmanship discovered after practical completion.
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Could an unexpected project loss derail your entire contract?
We'll help structure protection across construction works, equipment, third-party liability, project delays and the financial exposures that can follow a major loss.
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