Contractors all risks insurance covers eligible physical damage to construction works during a stated project period, often with an optional or included third-party liability section. Despite the name, exclusions and conditions apply. Design defects, existing property, plant, and maintenance-period losses may receive distinct treatment.
For a Nepalese construction project, identify the principal, contractor, project site, contract value, and completion schedule correctly. Check how extensions, testing, and partial occupation affect coverage. Earthquake, flood, and landslide exposure should be discussed explicitly during underwriting rather than inferred from the all-risks insurance label.