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Contractors All Risks

The Contractors All Risks (C.A.R.) insurance policy covers contractors against any unforeseen accidental physical loss or damage to the "Contract Works" being undertaken. It insures the total contract value, all materials, temporary and permanent works, the principal's existing property at the site, the contractor's plant/equipment/machinery, and costs of debris removal. The policy also covers liability for loss or damage to third parties from carrying out the project. Specific coverage includes the construction project works, materials, plant/tools/equipment, temporary buildings, and hired-in property.

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49 views1 page

Contractors All Risks

The Contractors All Risks (C.A.R.) insurance policy covers contractors against any unforeseen accidental physical loss or damage to the "Contract Works" being undertaken. It insures the total contract value, all materials, temporary and permanent works, the principal's existing property at the site, the contractor's plant/equipment/machinery, and costs of debris removal. The policy also covers liability for loss or damage to third parties from carrying out the project. Specific coverage includes the construction project works, materials, plant/tools/equipment, temporary buildings, and hired-in property.

Uploaded by

michael odiembo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd

CONTRACTORS ALL RISKS (C.A.R.

) INSURANCE POLICY

Covers the Contract Works undertaken by a contractor against any


unforeseen accidental physical loss or damage. Interests covered include
but are not limited to the total contract value including costs of all
materials and all-temporary and permanent works. In addition; the
principals existing property, contractors plant, equipment and
machinery at the project site, reasonable costs for removing debris, loss
or damage to third parties arising from the execution of the project can
also be covered.

Contract Works

Covers for loss or damage to building works while youre responsible for
them. This insures your construction projects (both permanent and
temporary), as well as any materials youre using on the project

Plant, Machinery, Tools & Equipment

Covers for theft or damage to construction plant, tools and equipment


for use in connection with the contract

Temporary Buildings

Covers for damage to temporary buildings (site huts, etc.) for use in
connection with the contract. This cover includes fixtures and fittings

Hired-In Property

Covers for damage to hired-in property including construction plant,


tools and equipment

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