Contractors All Risks : Building Contractors Essential Cover

Contract All Risk
CONTRACTORS ALL RISKS
Contractors All Risks (often referred to as “C.A.R”) policies provides cover for sudden and accidental physical loss or damage that occurs to the property insured during the construction period.

WHY THE NEED FOR C.A.R COVER
You need contract works insurance in place before even a peg is put in the ground. There are many things that can go wrong in a building project, from the excavation and foundation stage to the construction stage itself. Even building materials can be stolen. Other hazards include fire and malicious damage.

I&DRS ™ can offer you a C.A.R  policy at  Genlib, which provides All Risks cover intended for the erection of anything between private houses, cluster homes, small blocks of flats up to large projects such as shopping centers, sugar mills, power stations, refineries as well as infrastructure such as bridges, roads, dams, water reticulation and pipelines.

WHAT IS COVERED
• Storm, Flood, Rain, other Water Damage
• Subsidence, Collapse, Landslip
• Accidental Damage
• Theft & Malicious Damage
• Fire, Explosion
• Testing & Commissioning

POLICY EXTENSIONS
• Claims Preparation Costs
• Debris Removal
• Surrounding Property Damage
• Professional Fees
• Theft and Malicious Damage
• Off-Site Storage
• Fire Brigade Charges

Genlib C.A.R polilicy is underwritten through New National Assurance Company

Genlib Post 05/06/2017