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.
Get Covered
Risk & Insurance Products
Health Insurance
Health insurance is a type of insurance coverage that covers the cost of an insured individual's medical and surgical expenses.
Life Insurance
Life insurance or life assurance is a contract between the policy owner and the insurer, where the insurer agrees to pay a designated beneficiary an agreed sum of money upon the occurrence of the insured person's or persons death in return for the payment of a premium.
Prudential Group Life Insurance
Group Life Insurance assures employees that in the unlikely event of death, disability or critical illness, a multiple of their annual salary will be provided to their beneficiaries as a replacement income.
Travel Insurance
This policy provides financial relief to International travelers for medical expenses and hospitalization abroad, delayed departure, location and forwarding of baggage and personal effects,
Contractor's All Risk Insurance
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 etc
Bankers Indemnity Insurance
The policy indemnifies the insured for all losses sustained and discovered in the manner described here below within the period of insurance.
Directors & Officers Liability Insurance
Bad business decisions by directors and mangers are likely to attrac the increased attention of shareholders and other third parties who are looking to recover losses.
Group Funeral
The objective of this plan is to insure the obligations of the employer in the unlikely event of an employee's death.
Enterprise Living Plus Plan
The Enterprise Living Plus Plan is a “one-stop life insurance solution product” specifically designed to meet both the death and survival needs of the middle-class market.
Personal Insurances
Whether for your house, contents, vehicles or personal properties, WESTOM Insurance Brokers can help you to create bespoke solutions for your personal insurance need
There will be no need of insurance if we are living in a perfect world. Our cars,businesses, properties and homes will remain undamaged
