Contractors All Risk
"Comprehensive Coverage for Contractors: Contractor's All Risk Insurance (CAR)"
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- Sample Headings
About CAR – Contractors All Risk
- What is CAR? (Click on Every points should be get breif explanation as below mentioned Contents)
- Basic Coverages.
- Add On Coverages.
- Claim Process Support.
- Free Consultation for the PLI Product.
What is CAR?
A Contractor’s All Risk Insurance policy provides comprehensive coverage for construction projects. It provides financial protection against property damage from fire, theft, or natural disaster, liability for the third party injuries and protection for construction equipment. It also compensates for project completion delays due to material shortages, labour strikes, adverse weather conditions or unforeseen hindrances.
Basic Coverages
- Property damage during the construction period.
- Third-party injury or damage claims.
- Accidental physical loss or damage to insured property.
- Civil engineering projects, including construction projects and machinery/equipment used during construction.
- Damages or losses to contract workers while executing civil engineering work
Add On Coverages
- Clearing and removal of debris
- Damage to surrounding property not forming part of the contract work.
- Maintenance visit / extended maintenance cover to cover accidental loss or damage whilst carrying out any rectification during maintenance period and / or any amount incurred for rectification of such original defects or faults during construction.
- Earthquake
- Third party liability
- Terrorism
- Exalation