Contractor's All Risk (CAR) Insurance offers comprehensive protection against loss or damage in respect of contract works, including reimbursement of expenses, intended to perform all necessary repair work, the cost of materials and construction, as well as for Third Party claims in respect of property damage or bodily injury arising in connection with the execution of a construction project and Delay in start-up (DSU) coverage, including soft costs, debt service and advance loss of profits/rents.
- Investors, developers.
- Builders and construction companies.
- Suppliers and subcontractors in the construction business.
All-Risks, including but not limited to:
- Fire, lightning, explosion, theft, malicious damage.
- Natural perils (earthquake, windstorm, flood, and other natural perils.
- Legal liability of the insured as consequence of accidents or damages caused to third parties on the construction site or in the vecinity of the site.
- Testing and commissioning.
- Loss of profit in respect of delay in start-up (DSU).