By Kaizzen Plus Insurance Brokers L.L.C

Contractor All Risk Insurance (CAR)

Contractor All Risk Insurance

Contractor All Risk Insurance (CAR) is a type of insurance policy that provides coverage for a wide range of risks that a contractor may face while working on a construction project. These risks may include damage to the property being worked on, loss or damage to the contractor’s equipment and machinery, and liability for injuries or damages sustained by workers or third parties.

Coverage:

Contractor All Risk (CAR) insurance is a type of insurance policy that provides coverage for contractors and construction projects. It typically covers both physical damage to the project and third-party liability, making them a comprehensive option for contractors looking to protect their business.

The policy may cover a wide range of risks, including:

Physical damage to the project site and materials, such as damage from fire, theft, vandalism, or natural disasters
Loss or damage to the project due to delays, such as those caused by weather, strikes, or labor shortages
Third-party liability, including claims made against the contractor by a third party for injury or damage arising from the project
Loss of profit or additional expenses incurred as a result of a covered loss
The scope of coverage under a CAR insurance policy can vary depending on the specific terms of the policy. It is important for contractors to carefully review their policy to understand the types of risks that are covered.

Who should have Contractor All Risk Insurance (CAR)?

In Dubai, it is common for contractors to be required to have Contractor All Risk (CAR) insurance as a condition of participating in a construction project. The owner of the project or the main contractor may require subcontractors to have CAR insurance as well.

In general, any contractor or construction company working on a construction project in Dubai should consider obtaining CAR insurance to protect against a wide range of risks that may arise during the course of the project. This type of insurance can provide financial protection in the event of a loss or damage to the project or third-party liability claims arising from the project.

It is important for contractors to carefully review their insurance needs and to obtain coverage that is appropriate for the specific risks associated with their project.

Why Choose Hotel Package Insurance From Insure Bazzar?

0 +

Years of Experience

0 /7

Dedicated Support

0 +

Customized Insurance

0 +

Special Teams

Get Your Quote now !

Feel free to contact us

You’ll have a dedicated personal advisor to explain the benefits and details

Call Now..!

Insure Bazzar is a multi-dimensional Insurance solution company with a team of exemplars from various lines of insurance, working with a common goal of being customer-centric, providing best in class service in terms of cost and coverage.