PLANT ALL RISKS INSURANCE
Construction All Risks (CAR) insurance is a comprehensive policy
designed to protect construction projects from unforeseen
risks and losses.
It covers a wide range of perils that could potentially damage
the project, including:
1. Fire and explosion
2. Storm, flood, and earthquake
3. Theft and vandalism
4. Impact damage (e.g., falling objects)
5. Material defects and workmanship errors
6. Third-party liability
Some key features of CAR Insurance include:
Broad Coverage: CAR policies typically cover both
permanent and temporary works, as well as materials, equipment,
and machinery used in construction.
All-Risk Basis: The policy covers losses from any cause,
except those specifically excluded, providing a high level
of protection.
Third-Party Liability: CAR insurance often includes
coverage for legal liability arising from accidents or property
damage caused by the insured's construction activities.
Delay in Completion: Some policies may offer coverage
for additional costs incurred due to delays in project
completion caused by insured perils.
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