Contractors All Risk (CAR) Insurance

Contractors All Risk (CAR) Overview

  1. What does Contractors All Risk (CAR) cover?

Contractors All Risk insurance covers damage to the construction works including materials and equipment at the construction site. It also covers loss of materials and equipment as well as third-party liability for injuries or property damage caused during construction

  1. Why do I need Contractors All Risk insurance?

You need CAR insurance to protect your construction project from unexpected events like accidents, natural disasters, or damage, ensuring the project can continue without significant financial loss.

  1. What are the benefits of having Contractors All Risk insurance?

CAR insurance provides comprehensive protection for both your project, the materials, equipment and liabilities thus reducing financial risk, and ensures peace of mind throughout the construction process

  1. What document will I get after buying contractors all risk insurance?

After buying a contractor all risk insurance, you will receive a policy document which is a written contract of insurance between the insured and the insurer. It contains terms and conditions of the insurance cover as well as the risks covered. Ensure that you read and understand the contents of your policy document.