The Best Contractor all Risk Insurance

Contractor All Risk (CAR) insurance

Contractor All Risk insurance is a type of insurance policy specifically designed to protect contractors and their projects. It provides comprehensive coverage for various risks associated with construction projects, including:   

  • Property Damage: Covers accidental damage to the building, equipment, machinery, and materials used in the project.  

  • Third-Party Liability: Protects the contractor against claims of bodily injury or property damage caused to others during the course of the project.  

  • Loss of Profits: Provides compensation for lost income if the project is delayed or interrupted due to unforeseen events.  

  • Accidental Damage: Covers damage caused by accidents, such as fires, floods, storms, and theft.  

In essence, Contractor All Risk insurance acts as a financial safety net for contractors, safeguarding them against potential losses and providing peace of mind throughout the construction process.  

It's important to note there are various options inline with this type of Insurance.