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.

Coverage: Romanian and Bulgarian interes


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

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. Construction 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.

Normal maximum underwriting capacity:

-up to EUR 30,000,000 for Catastrophe

-up to EUR 25,000,000 for Risk, based on PML


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.

Petitions/complaints lodged against the company CERTASIG SA and lodged with the Financial Supervisory Authority last 3 months are total of 1 (one). Their structure can be found by visiting the dedicated page here

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