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Contractor All Risk

Sagarmatha Insurance Company Limited
Bhagwati Marg, Naxal, Kathmandu

Contractors All Risk (CAR) policy is designed to cover all types of civil engineering projects like buildings, dams, flyovers, etc. It is possible to record the interest of Principal, Contractors and Subcontractors in the policy.

This Policy broadly covers the risk of accidental physical loss or damage in respect of the contract works, during the execution of a civil project. CAR insurance provides an "all risk" cover. All perils are covered unless specifically excluded.

Contractors all risks policy covers damage to any construction or refurbishment works. Cover is divided into 2 sections the first section would cover damage to the property where the works are being carried out whilst the second section will cover damage to third parties resulting from these works.

• Material Damage
Covers any unforeseen and sudden physical loss or damage from any cause (other than those specifically excluded) to contract works or construction plant, equipment and/or machinery.

• Third Party Liability

Covers Insured’s legal liability to pay damages consequent upon accidental third party bodily injury and/ or property damage,which is in direct connection with the contract works and happening on or in the immediate vicinity of the contract site.

List of Benefits

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Required Documents

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Terms and Conditions

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Procedures

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For more detail contact to Customer Care Department on Toll Free Number 1660 01 66 666


If you are interested in Contractor All Risk and wants to know more in detail, please feel free to submit following information.


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Last Updated on 2019-09-12