Project Insurance
Projects Insurance is a vast term covering the risks associated while executing a gamut of projects like, civil constructions, setting up of plant and machineries etc.
For whom
Accidental loss to the project may impact the asset base, as a result of which the revenue stream may be derailed which may start a chain of events, financially affecting the investors, lenders, contractors and other stakeholders
Types of Project Insurance
Different types of project insurances are, Contractors All Risk (CAR) Policy, Erection All Risks (EAR) Policy, Contractors Plant & Machinery (CPM), Civil Engineering Completed Risks Insurance (CER), Workmen Compensation (WC) Insurance etc.