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Contractors' All Risk
 
  • Introduction
  • Exclusion
  • View/Print Brochure

INTRODUCTION

Contractors All Risk Insurance (CAR) is designed to protect contractors or the property owners against losses during contract works

It provides protection against loss or damage to contractor at contract sites and/or third party claims arising out of the performance of a contract

 

NOTE: The above is intended as a general summary only. The specific terms, coverage, exclusions and conditions applicable to this insurance are described in the policy.

PRINCIPAL EXCLUSIONS

  • Wear & tear
  • Willful act or willful negligence of the Insured or of his representatives
  • Cessation of work whether total or partial.
  • The deductibles stated in the Policy.
  • Consequential loss of any kind.
  • Loss or damage due to faulty design
  • Damage caused by vibration or by the removal or weakening of support.
  • War, civil war any act of terrorism
  • Radioactive & nuclear energy risks
  • The cost of replacement, repair or rectification of defective material and/or workmanship
  • Seepage, pollution and contamination
NOTE: The above is intended as a general summary only. The specific terms, coverage, exclusions and conditions applicable to this insurance are described in the policy.

VIEW/PRINT BROCHURE