Two construction workers discussing blueprints.

Contractors All Risks (CAR)

T he Contractors All Risks Insurance offers comprehensive coverage for all types of civil construction risks associated normally with a construction project; covering all physical loss or damage to property, as well as third party liability related to work conducted on the contract site. Its Special Risks may include Fire, explosion; Flood, inundation; Landslide, storm, cyclone; blasting work; Volcanism, tsunami; earthquakes and others…
This insurance policy has three types of coverage, namely:

  1. Insures against damage to property in the course of construction by all sudden, accidental and unforeseen causes, except those specifically excluded perils and forms of damage. This cover includes works brought on to the site for the purposes of the contract as well as temporary works erected or constructed on-site.

  2. Insurance against physical loss or damage to construction plant & machinery, equipment and tools used per the insured contract.

  3. Insurance against third party liability, against accidental bodily injury or illness to third parties, as well as accidental loss of, or damage to property belonging to third parties, caused by an accident at the construction site. The policy also indemnifies for legal costs and expenses recovered by a claimant from the insured.