Contractor’s All Risk (CAR) Insurance Policy

Protecting construction projects from unforeseen risks. Comprehensive coverage for peace of mind.

Policy Purpose

Comprehensive Protection

Designed to safeguard construction projects. Covers unforeseen risks.

Key Risks Covered

  • Accidental damage
  • Fire
  • Theft 
  • Natural disasters
  • Third-party liabilities

Key Coverages

Section I: Material Damage

Coverage extends to damage to works under construction, including loss of site materials, equipment, and tools.

Section II: Third-Party Liability

Protection against injury to third parties and damage to third-party property.

Escalation Clause

Covers cost increases due to inflation.

Debris Removal

Pays for clearing debris after damage.

Maintenance Cover

Protects against latent defects during maintenance.

Transit Cover

Covers materials damaged in transit.

Surrounding Property Cover

Compensates damage to neighboring buildings.

Cross Liability

Enables claims between insured parties.

Contractor's Plant & Machinery

Insures construction equipment on-site.

Testing & Commissioning Cover

Covers damage during system testing.

Professional Fees Cover

Reimburses engineer/consultant costs.

Extended Period of Cover

Coverage for extended project timelines.

Who Should Buy?

Civil Contractors & Builders

Protect your construction projects with comprehensive coverage.

Real Estate Developers

Ensure your developments are safeguarded against unforeseen risks.

Project Owners

Secure your investments with coverage tailored to construction projects.

Coverage also extends to sub-contractors (if named).

Policy Period

Key phases defining the coverage timeline:

Start of Construction

Coverage initiates as construction commences.

Completion

Coverage remains active until project is completed.

Extendable Period

Option to include maintenance/defects liability.

Types of Claims Under a CAR Policy

1
Fire or Explosion

Welding sparks ignite scaffolding, damaging the structure.

✅ Covers repair and material replacement.

2
Theft or Burglary

Copper wiring and tools are stolen overnight.

✅ Covers replacement cost, subject to security conditions.

3
Natural Calamity

Flood damages foundation work and washes away cement.

✅ Covers repair and material replacement.

4
Faulty Workmanship

Incorrectly aligned beam collapses.

✅ May cover damage; faulty design correction may be excluded.

5
Accidental Collapse

Scaffolding collapses, damaging structure and machinery.

✅ Covers structural damage and equipment repair.

6
Third-Party Property Damage

Crane knocks over a neighboring property's wall.

✅ Covers compensation for rebuilding the wall.

7
Third-Party Bodily Injury

A passerby is injured by a falling tool.

✅ Covers medical, legal, and compensation costs.

8
Damage During Transit

Steel beams are damaged in transit.

✅ Only if transit cover is included.

9
Damage During Testing

Electrical fault damages HVAC system during testing.

✅ Only if testing/commissioning is included.

Get in Touch with Us

1) Email

Send us an email at dharmesh08patel@gmail.com and we’ll respond within 24 hours.

2) Phone

Call us at +91 9825331289 to speak directly with an investment consultant. We’re available Monday to Friday from 9:00 AM to 5:00 PM .

3) Contact Form

Complete our online contact form and we’ll reach out to you shortly. Provide your details and a brief message describing your inquiry, and we’ll get back to you as soon as possible. You can find the form at 

Contact Us