Engineering

Contractors All Risks (CAR)

This policy is designed to offer a comprehensive protection against loss or damage in respect of the contract works, construction plant, equipment and machinery, as well as against third-party claims in respect of property damage or bodily injury arising in connection with the building and execution of a construction project.

The perils covered under this Plan, but not limited to the following:

• Fire, Lightning, Cyclone, Hurricane, Flood, Storm, Tempest, Inundation subsidence, Landslide, Rockslide, Subsidence, Earthquake, Volcanic Eruption etc.
• Riot, Strike and Civil Commotion, Malicious Damage, Burglary or Theft.
• Lack of skill, Bad workmanship, Negligence
• Explosion, Spontaneous Combustion, Heating, Fermentation.
• Impact and Aircraft Damage.

The cover can be extended to include Surrounding Property of Principal, Off-site storage, Goods in transit, Professional fees, expediting expenses, Cost of removal of debris etc.

Information/Documents Required for Quotation:

• Project Award Letter copy / Agreement copy
• Break up of Values
• Scope of work- Full details of the project
• Project Schedule, Bar Chart, Layout Plan