Contractor's All Risk Insurance

7 December, 2022

SCOPE OF COVER

This policy promises to indemnify the insured in respect of loss, damage or destruction of any of the contract works both temporary and permanent while in the cause of construction or whilst on the contract site for which Insured or his agent is responsible and until handed over by the contractor to the Employer.

The cover provided under the C.A.R. Insurance policy can be classified into two basic sections. Section I provides cover for the Material Damage and section II for Third Party Liability.

SCHEDULE

SECTION 1 - MATERIAL DAMAGE

This section provides cover for loss, damage or destruction of:

1.the whole or part of the contract works whether temporary or permanent while in the cause of construction or whilst on the contract site including all materials to be incorporated in

the contract works until handed over to the Employer.

Materials supplied by the principal

2. Constructional Equipment, Plants, tools and the like whether mechanically operated or not.

3. Temporary Buildings used as site offices, Accommodation Mess,Workers Camps, stores, workshops and contents therein.

4. Architects surveyors and Consulting Engineers’ and other professional fees.

5. Cost of Debris removal.

Section II – Third Party Liability

This section provides cover to the insured up to but not exceeding a specific limit against such amounts which the insured shall legally be liable to pay as damage as a result of:

a) Accidental loss or damage to property belonging to Third Parties;

b) All occurring in direct connection with the execution of the insured property or contract works described in the schedule of the policy and occurring during the period of contract.

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