We offer the most comprehensive cover for all contracted work
Contractors All Risks Insurance/ Erection All Risks Insurance is an all risks insurance policy. It covers all damage to the property being constructed or erected during the period of construction.
Features
- CAR/EAR insurance covers the maintenance period, during which time the works contract imposes maintenance liability on the contractor.
- Insurance cover during the maintenance period is limited to loss or damage caused by either a) the contract or b) carrying out minor adjustments, normal making good, replacing parts of subnormal quality or correcting deficiencies in order to achieve guaranteed performance to fulfil contractual obligations.
Core Benefits
- Building and Civil Engineering Works – Coverage for any unforeseen or accidental loss or damage to the Contract Works from any cause. Exceptions apply.
- Machinery Erection – Coverage for any unforeseen or accidental loss or damage to the Erection Works from any case. Exceptions apply.
- Third Party Liability – Coverage against all sums of payment which the insured shall become legally liable to pay as compensation for accidental bodily injury or illness caused to any person, as well as accidental loss or damage to property occurring in direct connection with the construction works being carried out at the construction site.
