Contractors All Risks

Contractors’ All Risks (CAR) insurance is an insurance policy that provides coverage for both material damage to property and third-party injury or damage claims for a project or contract that is underway. 

Due to the diversity of the construction projects and contracts undertaken, each risk is underwritten on its own merits and requirements as per information provided.

These policies can be underwritten on an “annual” blanket basis where multiple contracts can be covered within certain limitations and based on estimated annual turnovers. These policies can also be underwritten on a project specific basis where only a specific contract is covered for a set period at a specified address. 

This policy offers the following sections of cover:

  • Contract Works – Material Damage

  • Contract Works – Public Liability

  • Principal’s Advanced Loss of Profits