The Contractor's All Risk insurance policy provides comprehensive coverage for construction projects. It provides financial protection against property damage from fire, theft, or natural disasters and liability for third-party injuries. In short, CAR policies offer essential financial protection for contractors, builders, and construction companies throughout the construction process.

Coverage:

1. Material Damage:

• Loss or damage to the insured civil engineering works
• Accidental damage during construction
• Accidental damage during storage

2. Fire Group of Perils

• Fire, bush fire, implosion, explosion impact damage

3. Act of God Perils

• Earthquakes, volcanic eruptions, storms, tempests, floods, inundations, landslides, rockslides and subsidence.

4. Social Perils

• Riots, strikes, malicious damages, burglary and theft

Add-on covers:

Policyholders have the option to enhance their coverage by purchasing the following add-ons offered by the insurer.

• Third-Party Liability:
• Damage to surrounding property caused by the contractor's work.
• Construction equipment such as shuttering material and scaffolding.
• Maintenance cover and maintenance visits.
• Clearance or removal of debris.
• Coverage against terrorism-related incidents.

Exclusion:

The contractor's all-risk insurance policy does not provide coverage for the following:

• Risks related to war and nuclear incidents
• Partial or total work stoppage
• Intentional acts or negligence by the insured party
• Faulty materials or poor workmanship
• Obligations outlined in contracts
• Accidents involving vehicles licensed for general road use, waterborne vessels, or aircraft
• Damage caused by normal wear and tear
• Loss or damage due to design flaws
• Penalties arising from contractual obligations
• Exclusion of coverage for road-use vehicles