Kshema Contractor's All Risk (CAR) Policy

Bodily Injury

Accidental Death

Property Damage

Legal Expenses

Losses and Expenses Not Covered

• Policy deductibles or excesses stated in the policy schedule
• Consequential losses
• Loss of profit
• Penalties and liquidated damages
• Normal wear and tear
• Corrosion, oxidation or gradual deterioration
• Cost of correcting defective design, materials or workmanship
• Inventory shortages identified during stock-taking

Perils Not Covered

• War, invasion and war-like operations
• Nuclear risks and radioactive contamination
• Willful acts or deliberate negligence of the insured
• Pollution and contamination unless specifically covered

Property Not Covered

• Existing property not declared under the policy
• Cash, securities, bonds, stamps and negotiable instruments
• Motor vehicles licensed for road use unless specifically covered
• Watercraft and aircraft
• Property unrelated to the insured contract works