logo-ball11 Contractors All Risk/ CAR

 

CAR Insurance covers all types of construction risks and includes works brought on-site as part of contracts as well as temporary works, erected or constructed on-site.


logo-ball11 Advantages :

  • All Risks coverage, comprehensive policy
  • Be-spoke product designed to meet your needs
  • Expert claims management
  • Premium payment in instalments or in full with a discount
  • Competitive premiums, especially with deductibles
  • Munich Re CAR wording

 

logo-ball11 Covered risks :

Section I

Physical Damage :

1. Contractual work (permanent or temporary, all materials included):

    - Contract value

    - Materials and other goods provided by the beneficiary

2. Constructions and other equipments property of the beneficiary

3. Constructor’s machinery and equipment

4. Expenses for:

    - Removal of debris in case of claim occurrence

    - Professional fees (architects, experts, consultants)

    - Firemen intervention.

 

Section II

Third Party Liability :

1. Bodily injury

2. Material damages

3. Legal expenses the Insurer may have to pay

4. Expenses made with the written consent of the Insurer following a claim that is to be indemnified.

 

logo-ball11 Risk assessment must consider:

  • Project type and ultimate use
  • Building materials
  • Construction method, constructor’s expertise
  • Project location
  • Insured period
  • Loss record of insured parties.

 

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