Contractors' All Risks (CAR) Insurance
It is a type of insurance that ensures the protection of construction and installation work during the entire period of their execution.
Insurance Cover
Benefits
Recommended for
construction work for residential individual and multi-apartment buildings;
construction work for administrative buildings, schools, theaters, hospitals, hotels;
construction work for industrial buildings (factories, warehouses, hangars);
road and railway construction work;
construction work for bridges, dams, canals, tunnels;
costs for managing the site of the insured event (e.g. Cleaning up the construction site after the insured event);
auxiliary equipment for carrying out construction work (shuttering, scaffolding, temporary accommodation for building staff);
construction machinery;
civil liability – damage caused to third parties during the execution of construction works;
objects located at the client’s site or construction site and owned by the customer;
warranty period.
insurance cover is provided on the basis of “all risks”;
all the sudden and unexpected losses of the insured object during the execution of the construction works are compensated: fire, lightning, explosion, overflow, flood, storm, theft or robbery, negligence, lack of work experience, human factor, any other sudden and unexpected event (vehicle crash or accident, impact of foreign objects, etc.).
contractors and subcontractors;
customers (builders);
banks.
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