Contractors' All Risks/Erection All Risks

Contractors' All Risks/Erection All Risks

Effective Protection At Work

This is a comprehensive “All Risks” cover which offer effective protection to construction work against any unforeseen and sudden physical loss or damage from any cause other than those specifically excluded.

A Contractors' All Risks (CAR) insurance is one of the contract insurance that covers all loss or damage involved in the performance of a construction project, subject to its policy exclusions, terms and conditions.

The 3 parties to the CAR insurance are; the Contractor, the Principal (employer, owner or developer) and the Insurance Company. Job orders and all contract works are usually offered by the principal by way of a tender.

China Taiping Insurance provides contract insurances such as the CAR Insurance, the contract Public Liability insurance and the Work Injury Compensation Insurance.

It consists of two sections, namely:
Section 1: Material Damages
Section 2: Third-Party Liability


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