Contractor All Risk/Erection All Risk Insurance
Providing coverage for loss or damage during the construction period of civil engineering projects (CAR) as well as during the installation and testing period of machinery (EAR).
Key Benefits
Comprehensive protection designed for your peace of mind.
Comprehensive Coverage
Protect your goods during transportation within Myanmar, with our comprehensive Inland Transit Insurance.
Simple & Efficient
Secure your foods with a single insurance policy that covers their journey from origin to final destination.
Peace of Mind
Focus on your business while our dedicated team ensures your goods are protected throughout the journey.
Product Features
Comprehensive coverage options tailored to your needs.
Eligibility
- Anyone who owns property or has a legal duty to protect property can get insurance.
- For coverage of all items in the premises, see below:
- 1. Building
- 2. Machinery
- 3. Furniture, Fixture and Fitting
- 4. Stocks (raw materials, finished goods)
Policy Term
- 1. Minimum policy term 3 months
- 2. Maximum policy term 5 years
Premium Rating
- 0.15% to 0.78 (0.518)% on sum insured (Purchase value or replacement value of the insured properties)
- Subject to
- 1. depending on the risk utilizations
- 2. other underwriting factors
Basic Coverage
- 1. all risks cover of unforeseen and sudden physical loss or damage
- 2. unforeseen and sudden physical loss or property damage to construction works, including materials and equipment on-site, during the construction phase and until project completion.
- 3. third-party liability for accidental physical losses, property damage or injury or death of third parties arising from construction activities
Frequently Asked Questions
Common questions about our insurance coverage.
Can CAR/EAR insurance be customized to meet certain project requirements?
Yes, depending on the specific needs of a project, policies can be tailored to include custom requirements or additional coverage options.
What happens when a project is postponed? Is coverage provided by CAR/EAR insurance?
Some policies provide coverage for delays. To ensure adequate protection against loss of income or additional expenses, it is advisable to consult your insurer about available delay coverage options.
Does it cover natural disasters?
Unless specifically excluded, most policies cover natural disasters such as earthquakes, storms, and floods.
Is third-party liability covered?
Yes, third-party liability coverage for property damage or injuries is commonly included in CAR/EAR insurance.
What is covered by CAR/EAR insurance?
It typically covers the following:
(i) accidental damage to buildings, materials, and machinery;
(ii) natural disasters (fire, flood, storm, etc.);
(iii) third-party property damage or bodily injury; and
(iv) testing and commissioning risks (under EAR).