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
Protects your ongoing construction projects and third-party liabilities against accidental damage and natural disasters.
Simple & Efficient
Wraps material damage, third-party liability, and equipment protection into one straightforward policy for your project.
Peace of Mind
Protects your financial investment and keeps your timeline secure, so you can build with confidence without fearing unexpected site losses.
Product Features
Comprehensive coverage options tailored to your needs.
Eligibility
- Anyone who legally owns the insured property or who has the legal right to claim their entitlement through litigation (e.g., contractors, engineers).
- 1. Civil construction works such as buildings, roads, and bridges undertaken by contractors.
- 2. Installation of electrical and mechanical equipment for contractor job sites.
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. Construction Materials & Property
- 2. Third-Party Liability
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).