Contractors All Risk Insurance - CAR
Broker Directory Article
Contractors All Risk (CAR) Insurance in South Africa
Are you in the construction industry and adequately covered with the right insurance policy to indemnify you against risks and liability, that will give you peace of mind?
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A large amount of planning and expertise goes into a construction project and for those involved, the greatest fear is that disaster could strike – resulting in crippling costs and even possible injury.Contractors All Risks (CAR) Insurance policies would normally offer insurance cover for all types of building and civil construction - it is basically for anyone involved in construction, maintenance, installation, or repair services.
Contractors All Risks (CAR) Insurance would offer protection against hazards that may threaten projects under construction. This may include residential housing and estates, commercial development (such as office blocks, shopping centres, etc) and infrastructure (such as bridges, roads, water and sewage pipelines), to mention a few.
Contractors All Risk (CAR) insurance is mostly underwritten on an annual policy covering all projects, as well as plant and machinery, but cover is also made available to cover single projects for more specific extensions as well.
There are many product options, cover and extensions where considerations may be confusing, so make sure you cover all the angles.
In fact, the smartest thing you can do is -- Get a specialist broker to do it for you!
|Also, note the following guidelines, tips and considerations applicable to Contractors All Risk (CAR) Insurance:|
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