Construction and civil engineering projects are exposed to multiple operational and financial risks throughout the execution phase, ranging from accidental damage at the site to third-party claims and machinery-related losses. Contractor’s All Risk (CAR) Insurance or Project Insurance offers end-to-end coverage for such exposures, helping contractors, project owners, and infrastructure developers manage unexpected financial setbacks arising during the course of construction.
The policy covers physical loss or damage to contract works, construction plant and equipment, and liabilities towards third parties caused by incidents such as fire, theft, natural catastrophes, collapse, or accidental site damage. Coverage generally commences from the unloading of materials at the project location and continues until project completion, helping businesses manage financial exposure arising from accidental project-related losses during the construction period.
