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Marsh India construction hub

Explore insights, trends, and solutions designed for today's construction risks.

Construction India Overview

India’s infrastructure agenda requires both renewing ageing assets and building vast new capacity from highways, ports and metros to renewable energy farms and urban housing. Yet the construction cycle in India is highly sensitive to socio‑economic forces macro growth, urban migration, public spending cycles, and policy shifts making project pipelines and timelines inherently volatile. Builders and developers, therefore, need sharp visibility on current and emerging risks and the agility to respond as conditions change.

Today’s risk landscape in India includes rapid digitalisation (building information modelling (BIM), internet of things (IoT), drone inspections, and digital procurement), acute climate hazards (monsoon intensity, cyclones, heatwaves, and water stress), rising input costs (steel, cement, fuel, and logistics), and supply‑chain chokepoints (port congestion, global component shortages, and import dependencies). Add regulatory and land‑acquisition challenges, labour availability, and evolving environmental, social, and governance (ESG) expectations, and the profile of exposures grows more complex.

Solutions Provided

Our services

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  • Contract review and insurance wording for engineering, procurement, and construction (EPC), engineering, procurement, and construction management (EPCM), and Fédération Internationale Des Ingénieurs‑Conseils (FIDIC) ‑based contracts
  • Risk allocation advice to protect lenders, owners, and contractors
  • Bankability assessments and insurance covenant design
  • Pre‑construction surveys and technical due diligence
  • Site safety audits, health, safety, and environment (HSE) programmes, and contractor competency reviews
  • Construction logistics and supply‑chain resilience planning
  • Business continuity, emergency response, and climate resilience measures
  • Rapid on‑site loss assessment and forensic investigation
  • Quantification, negotiation, and recovery of insured losses
  • Support for contract dispute resolution and documentary evidence
  • Captive feasibility and implementation advice
  • Parametric insurance solutions for weather, flood, or port disruption
  • Surety and bond advisory (bid, performance, advance payment)
  • Alternative risk transfer and blended finance structures to enhance bankability
  • Contractors’ all risks (CAR)/erection all risks (EAR)
  • Delay in start‑up (DSU)/advance loss of profit (ALOP)
  • Third‑party and the employer’s liability
  • Marine cargo and transit insurance for imported equipment
  • Professional indemnity for consultants and design firms
  • Environmental and pollution liability covers

Why Marsh?

The Marsh Speciality Construction Practice is the largest dedicated team of construction insurance specialists globally, comprising over 1,200 experts across nine international hubs. In India, we partner with a diverse range of clients from family-owned businesses with multi-million-dollar turnovers to multinational corporations with multi-billion-dollar revenues delivering tailored insurance and risk management solutions that meet their unique needs.
Marsh Risk’s dedicated team of 13 construction specialists in India focuses exclusively on serving the construction, infrastructure, and engineering sectors, providing clients with seamless access to leading placement capabilities and wide-ranging risk advisory services.

Why choose Marsh

Local presence, global capability

Marsh combines in‑market knowledge across India with global technical teams and access to international capacity.

Construction specialists

Dedicated brokers, engineers, and claims advocates with hands‑on experience across infrastructure, industrial, energy, and real‑estate projects.

Proven claims advocacy

Practical, proactive claims handling that speeds recovery, reduces dispute risk and helps maintain project continuity.

Bankability focus

We design insurance programmes and contractual structures that meet lenders’ expectations and support favourable financing terms.

End to end support

From tender stage through commissioning and early operations, we align insurance, contract terms and mitigation measures with financing and operational needs.

Construction Market Update Q1 2026

Exploring the trends shaping construction insurance risks

FAQs

Engage Marsh at the earliest feasible stage ideally during tendering or pre‑ front‑end engineering design (FEED). Early involvement allows us to influence risk allocation, insurance scope, procurement timings and mitigation measures that improve cost, coverage and bankability.

Core covers usually include CAR/EAR, third‑party liability, DSU/ALOP (where revenue exposure exists), marine transit for imported equipment, and professional indemnity for consultants. Coverage should be tailored to project complexity, contractual allocation and financing requirements.

Yes. We provide feasibility and implementation support for captives, design parametric products for rapid liquidity following weather or logistical disruption, and structure alternative risk transfer and blended finance to address difficult‑to‑insure layers.

We align insurance placement, contractual wording, resilience measures, and claims governance with lenders’ covenants and due diligence expectations. Demonstrable risk transfer and robust mitigation lower perceived risk and support longer tenors and better financing terms.

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Meet the leadership

Joseph Lonappan

Joseph Lonappan

Managing Director- Specialties India

  • India

Anuj Pratap Singh

Anuj Pratap Singh

Managing Director - Energy, Power & Construction

  • India

Abhishek Shankar

Abhishek Shankar

India Construction Practice Leader

  • India

Shrikant Gavimath

Shrikant Gavimath

Executive Vice President - India Construction

  • India

Deeksha Hora

Deeksha Hora

Chief Client Officer – India Construction Practice

  • India

Riddhiman Kundu

Riddhiman Kundu

Senior Vice President Client Services - India Construction Practice

  • India