Who can be insured?
The insured party can be the project developer or the contractor.
What can be insured?
CAR (Construction All Risks) offers comprehensive coverage for all types of civil construction risks. This policy covers physical or damage to property, as well as third party liability related to work conducted on the construction site. EAR (Erection All Risks) comes under the insurance class of engineering and deals with machinery inherent in engineering related works like erection and commissioning of the project. CAR and EAR can be combined with an Accident insurance to provide full coverage for risks related to the physical integrity of the workers of the construction / erection site.
Builders Risk / Construction All Risks / Erection All Risks coverages include: