Engineering Insurance
Contractors All Risks Insurance (CAR) Policy
Contractors' all risks (CAR) insurance provides coverage for
(1) Property damage which can include improper construction of structures, damage that happens during a renovation, and damage to temporary work erected on-site; and
(2) Third-party injury or damage claims. Third parties including subcontractors may also become injured while working at the construction site.
The goal of a CAR insurance policy is to ensure all parties involved in a Project are covered, regardless of the type of damage to the property or who caused the damage.
(1) Property damage which can include improper construction of structures, damage that happens during a renovation, and damage to temporary work erected on-site; and
(2) Third-party injury or damage claims. Third parties including subcontractors may also become injured while working at the construction site.
The goal of a CAR insurance policy is to ensure all parties involved in a Project are covered, regardless of the type of damage to the property or who caused the damage.
Fire/Property Insurance Policy
This policy covers loss/damage to insured property due to fire/lightning/accidents/natural calamities and other perils including burglary/theft if necessary. This policy covers loss/damage to insured property due to fire/lightning/accidents/natural calamities and other perils including burglary/theft if necessary.
Erection All Risks (EAR) Policy
Erection all risks policy protects the contractor/principals involved in erection of plants/machinery/heavy equipments etc. against their exposure to loss/damage/liability during the course of installation/testing/commissioning period and during the contractual maintenance period.