Insurance in Construction Industry

Once contractor awarded a project to do, he should mobilize in to the size to start work on it. Therefore in order to enter in to the site, The Contractor shall fulfill and submit performance bond and relevant insurances from the recognized financial institutes and should be acceptable by the Employer.

Therefore insurance are playing of the key role in construction industry.

Types of Insurance

1. Contractor's All Risk Policy (CAR Policy)

2. Workmen compensation insurance

3.Third party insurance

4. Employers liability insurance

5. Public liability insurance

6. Insurance for Contractor's plant and machinery

7. Professional indemnity insurance