Introduction
By building someone else’s dreams, don’t mean you need to destroy your dreams. Unforeseen events can always happen. Get insured with us with our Contractors All Risk (CAR) policy.
The policy covers
It is a comprehensive project insurance policy for owners or contractors in connection with construction. The projects can be: a house, an apartment, a building, a complex of shops or offices, a school, a church, a road, a factory, etc. The Contractors All Risks policy offers covers for damages to the project being erected, to the existing buildings, facilities, equipment and machinery used on the construction site due to a sudden and unforeseen cause, as well as Public Liability covers.
The contract is addressed
To owners of under construction buildings, Building Contractors and Construction Companies.
Covers
Covers Loss or damage during the construction of a project or during the construction of the construction site and construction materials as a result of a sudden and unforeseeable incident that is not excluded and occurs on the construction site.
Additional Coverages
Optional covers with additional premium
Loss or damage to equipment and facilities
Loss or damage to construction machinery such as cranes and earthmoving machinery
Damage to buildings and their contents owned or controlled by the project owner and located within or adjacent to or adjacent to the construction site
Loss or damage to materials stored off site
Loss or damage in the performance of the contractor’s contractual obligations during the maintenance period
Debris removal costs
Loss or damage due to riot or strikes
Covering additional expenses related to a covered claim and requiring overtime, night work, work on a public holiday
Liability of the Insured (owner, mainly contractor and subcontractors) to third parties
Liability of the Insured for material damage to third party property resulting from vibrations or weakening or displacement of foundations
Clarification
The above information may differ from one Insurance Company to another. Depending on the insurance policy that will be proposed to you, you will get all the relevant information you need, so that you can decide on your own choice. Request our offer today. Based on your own insurance needs and budget, we will choose the right insurance for you.