Contractors All Risks (CAR) Insurance

Policy Details

Learn more about the Contractors All Risks (CAR) Insurance policy.

Description

CAR is a comprehensive insurance solution for civil construction projects, covering physical damage and third-party liabilities during construction.

What is This Policy?

CAR Insurance covers construction sites and materials from damage or loss during the construction period. It safeguards the interests of contractors, developers, and financiers.

What is Covered

The policy includes physical loss or damage to construction works due to fire, storm, flood, theft, negligence, design faults, or accidental impacts. It also covers contractor’s plant, temporary sheds, and materials stored onsite. Burglary and terrorism cover are available to ensure 360° risk protection.

Who Should Buy

Civil contractors, builders, infrastructure developers, Real estate companies and government project contractors, Financiers funding large-scale construction projects

Key Features

Covers civil works like buildings, roads, bridges, etc.
Protection during construction, storage, and transit
Third-party liability and workmen compensation extensions available
Burglary cover can be added for stored materials
Terrorism cover available as an optional extension

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Get in Touch

Request a free consultation for the Contractors All Risks (CAR) Insurance policy.

Contact Information

123 Financial District, Hyderabad, Telangana 500032

+919100509675

info@novoinsure.com