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?


 Planning a construction project - Are you adequately covered with CAR Insurance for risks and liability?
Planning a construction project - Are you adequately
covered with CAR Insurance for risks and liability?
 
 
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 Broker Directory News   See News on Contractors All Risk (CAR) Insurance:
•  Why You Need Contractor’s All Risk (CAR) and PL Insurance (April 06, 2017)

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:
  • The Contractors All Risks (CAR) Insurance policy normally provides cover for physical loss or damage to the insured’s property.
  • The third party cover under this policy, and its available extensions, would typically provide cover for third party claims for bodily injury or property damage caused by the construction activities.
  • Hazards under Contractors All Risks (CAR) Insurance, may include the following: Earthquake, fire, explosion, theft , burglary, landslide, collapse, floods and storms, accidental windstorms and more.
  • The loss or damage may be influenced by the type and method of construction. Certain perils may vary pending the location (forces of nature).
  • Contractors All Risks (CAR) Insurance cover may be provided for own and hired plant and equipment or machinery.
  • Certain products also provide cover for up to 12 months after completion of contractual obligations on aspects forming part of maintenance or defects liability.
  • Professional fees and debris removal may also be included.
  • Cover for permanent or temporary works, or free material on site, or in transit from and to the site may also be applicable - discuss with your Broker..
 CAR insurance provides cover for physical loss or damage to the insureds property
CAR insurance provides cover for physical loss
or damage to the insured’s property
 
 
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