Contractors All Risk Insurance
The Contractors All Risk Insurance provides coverage for property damage and third-party injury or damage claims – the two primary types of risks on construction projects. Property damage can include improper construction of structures, damage incurred during renovation, and damage to temporary work erected on-site. Third parties, including subcontractors, may also become injured while working at the construction site. Contractors All Risk Insurance (CAR) not only covers those associated risks but also merges these two types of risks into a common policy designed to cover the gap between exclusions that would otherwise exist when using separate policies. CAR insurance coverage is common for such construction projects as buildings, water tanks, sewage treatment plans, flyovers, and airports.