Purpose to protect the interest of Contractors, Principals and/or Financiers. The policy is ideally suited for civil engineering projects like multistoried buildings/bridges/flyovers/dams/roads/canals/silos/tunnels etc. The value of the civil works should be more than 50%. The Policy cover all risks that is to say that almost any sudden and unforeseen loss or damage including accidents losses like collapse, impact, fire, lightening, explosion, act of God perils, Human perils like theft, burglary, bad workmanship, lack of skill, negligence, malicious acts, human error, terrorism, third part liability etc. The policy can be extended to cover perils of removal of debris, maintenance cover, extended maintenance, additional expenses for overtime/express freight/air freight, additional custom duty and increased replacement value. The sum insured is estimated completely erected value of the contract works inclusive of wages, materials, cost of construction, freight, custom duty, taxes and items supplied by principal. The sum insured is adjustable on completion of construction on the basis of actual values in respect of construction cost, freight and custom duties. However, increase or decrease in prime cost of material is not taken into account. Supplementary Covers: Construction Machinery, Clearance and Removal of Debris, Damage to existing property of the insured at the site, Additional expenses incurred for overtime, work on public holidays, express freight, air freight, legal liability, Escalation to take care of inflationary trends, Temporary works or structures at project site, Additional expenses for air freight, additional custom duty for replacement over and above the custom duty taken into account., Maintenance Cover.