Contractors All Risk (CAR) policy is a comprehensive insurance policy designed to cover a broad spectrum of risks to which a civil construction project is exposed to from arrival of construction material at site till the completion of project. CAR is especially designed for contractors, consulting engineers, architects and financiers and insurers against unforeseen accidents. CAR policy protects the properties by covers like SFSP, Machinery, Boiler insurance etc., once the project is over.
Advantages of Contractor’s All-Risk insurance
There are lot more add-ons available in the CAR policy that helps in covering almost all the losses faced in a construction project regardless of the project cost.
The following are the coverages that can be obtained in a CAR policy;
Extensions available in CAR:
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