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