Engineering & Contractor All Risk
Construction & engineering protection
Engineering & Contractor All Risk Insurance
Protect Your Project from Unexpected Risks
Construction and engineering projects involve significant investments in materials, machinery, labour and resources. Contractor All Risk (CAR) Insurance provides comprehensive protection against accidental physical loss or damage to insured project works during the construction period.
It can help contractors, project owners and other stakeholders manage unexpected financial losses arising during the execution of a project.
Extend your coverage
Add Ons
Materials in Transit
Coverage for insured materials while being transported to the project site, where available.
Maintenance Period Extension
Extension of coverage during the specified maintenance period after completion of the project, subject to policy conditions.
Understand your policy
Exclusions
- Normal wear and tear, gradual deterioration or corrosion
- Defective design, material or workmanship, subject to the policy wording
- Wilful acts or intentional damage
- Consequential or financial losses unless specifically covered
- War, nuclear risks and certain other excluded perils
- Losses arising from breach of policy conditions
- Damage occurring outside the insured project period or location
- Penalties, fines or contractual liabilities not covered by the policy