Construction Insurance
- CAR / EAR Advance Loss of Profits Insurance
- Machinery Breakdown
- Erection All Risks
- Builders All Risks
As the name suggests, Construction Insurance is designed to protect the interest of different parties involved in a civil engineering construction project, or in the erection and installation of plant, machinery, and equipment. Such projects, ranging from high rise towers to complex manufacturing plants, are typically exposed to a) damage to the property under construction, and b) claims from third parties for injury, or compensation. A CAR or EAR policy as appropriate is arranged to cover these exposures.
Contractors All Risks or CAR policy is ideal for civil engineering projects under construction. It is a comprehensive “All Risks” Insurance Policy that is designed to protect the Interests and Liabilities of Contractors, Principals, Architects, Engineering consultants, Project Managers and Financiers arising out of their respective exposure from construction projects. These can be designed to commence cover right from delivery of construction material, including whilst in storage, project design, during Construction, Testing and Commissioning, and right up to final handover of the completed project. Apart from the Contract Works, the material damage section of the policy also provides for insurance of Construction Plant & Machinery and Temporary Structures.
Contact us to design a suitable policy to cover all your Construction / Erection projects.
Other construction / engineering policies that we offer include: