Contractors All Risks Insurance

This policy provides an All Risks protection and covers sudden, unforeseen, accidental loss or damage to the construction  works of a project, except for risks specifically excluded.

The policy covers loss of or damage to:

• Works that have been completed but not yet handed over to the Principal
• Existing buildings and other property
• Materials used for the project stored on-site or outside the site
• Temporary structures
• Contractors’ plant and equipment
• Hired-in plant and equipment
• Property whilst in transit to and from the contract site

It also provides cover for the Insured’s legal liability to pay compensation for accidental bodily injury to or illness of third parties and accidental loss or damage to their property. 

CAR coverage may be extended to cover the interests of manufacturers, suppliers, contractors and subcontractors.

The policy can also be expanded to cover the following events:

• Additional custom duty
• Air freight
• Damage to surrounding property
• Damage to underground services
• Expenses relating to the clearance of debris
• Loss or damage during the maintenance period

Important Note: The above constitutes a summary of the product features. Full details as to policy covers, conditions and exclusions are contained in Atlantic’s relevant Insurance Policy document.