Contractors risk insurance is a special type of property insurance which indemnifies against damage to buildings while they are under construction. Contractors risk insurance is "coverage that protects a person's or organizations insurable interest in materials, fixtures and/or equipment being used in the construction or renovation of a building or structure should those items sustain physical loss or damage from a covered cause. As a contractor we understand the need to ensure completion within the deadlines. It includes physical loss or damage to property, plant, machinery and tools, works brought on to the site and temporary works erected on-site, as well as third party Liability related to work conducted on the site.

Every Project under development need complete protection against potential loss. Projects under development are exposed to host of risks which can put a break in operation, cause financial burden and leave you feeling you have no control. Friend Digital 24 Insurance can help you to successfully overcome these situations and put you firmly in control of your business operation. With Friend Digital 24 Contractors All Risks (CAR) Insurance Policy, you can safeguard your projects that you value most Specially designed to protect the interest of civil contractors against the damage to or destruction of various civil engineering projects (like dwellings, office, hospitals, tunnels, cannels etc).

These projects includes accidental damage to civil Construction works, contractor's plants & machinery at the construction site and damage / defects during the subsequent period of maintenance for which the contractors is liable under the terms of the agreement between the contractors and the principle.

Formerly known as “contractors’ all risks insurance”, a more appropriate term is now “construction all risks” insurance as it is now commonly procured by owners as well as contractors.

It can also be extended to cover other classes of property during the project including temporary works, existing structures, temporary buildings and structures, construction plant and equipment, permanent premises temporarily occupied as site accommodation and employee’s tools and equipment.