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Contractors All Risks Insurance

Contractors All Risks (CAR) insurance offers comprehensive and adequate protection against loss or damage in relation to construction projects, as well as third party claims for property damage or bodily injury arising in connection with the execution of an insured contract.

Who is this for:

  • Building contractors
  • Land development firms
  • Owners of projects under construction

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Proposal Form

Claim Form

What we cover

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.

Competitive Benefits

  • Prompt and fair claims settlement
  • Comprehensive cover
  • Competitive prices
  • Highly personalised service from our experienced personnel in all towns

Atlantic is reinsured with Swiss Re and other A rated reinsurers!

Frequently Asked Questions

  • Q1. When does the insurance cover start and expire?A1. The insurance cover starts at the commencement of works or after the unloading of the insured items at the construction site and ends when parts of the insured contract works are taken over or put into service, but never later than the expiry date of the period of insurance defined on the policy schedule. If the project cannot be completed within the duration of the contract, the insurance company must be notified and an extension of the insurance period must be requested.
  • Q2. Who are the insured parties under a CAR policy? A2. This insurance should be taken out for all interested parties in order to avoid omissions or gaps in the coverage provided. The insureds should be the main contractor and his subcontractors but also the owners of the project and their consultants and supervisors. 
  • Q3. Does cover extend to the maintenance period after the take-over of the project by the owner? A3. Yes, after completion of  the works and take-over by the owner, cover is provided for property damages of the project which occur during maintenance visits. 

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