Contractors All Risk Insurance
Cover Every Risk, Every Stage
Physical Loss Protection
Third-Party Liability
Testing & Commissioning Risks
Act-of-God Coverage
Human Error Safeguard
Strategic Risk Assessment
Cover Every Risk, Every Stage
Physical Loss Protection
Third-Party Liability
Testing & Commissioning Risks
Act-of-God Coverage
Human Error Safeguard
Strategic Risk Assessment
Every construction project comes with its share of uncertainties from material damage and on-site accidents to natural calamities. Contractor's All Risk (CAR) Insurance offers comprehensive protection against these risks, ensuring your project remains financially secure throughout the construction or erection phase.
It's a tailored safeguard designed for builders, contractors, and project owners, covering physical loss or damage that may occur during work execution, testing, or commissioning. This insurance ensures that your project continues smoothly, even in the face of unforeseen events.
Whether you're a contractor, developer, or project owner, CAR Insurance is a must-have for anyone engaged in construction or infrastructure development.
It ensures both the principal (project owner) and the contractor are protected from potential financial losses before project completion.
Construction projects face a range of risks such as fire, theft, natural disasters, structural collapses, or human errors.
CAR Insurance ensures protection from the start of construction till project completion and handover. It covers physical loss, damage, and third-party liabilities that may arise during work execution or testing phases.
Protection from project start to completion
Coverage for physical loss and damage
Third-party liability protection
Financial security during construction
Below are standard inclusions and exclusions. Actual coverage may vary by insurer and policy type. Our team will walk you through all exclusions transparently. Knowing the inclusions and exclusions ensures your project gets the right protection without unexpected gaps.
Location Risks: Fire, Lighting, Theft, Burglary & Housebreaking
Testing and Commissioning Risks*: Failure of Safety Devices, Leakage of Electricity, Insulation failure, Short circuit, explosion
Act of God: Storm, Tempest, Hurricane, Flood, Inundation, Subsidence, Landslide, Rockslide, earthquake.
Handling Risks: Impact from falling objects, Collision, Failure of Cranes or Tackles etc.
Risk of Human Element: Carelessness, Negligence, Faults in Erection/Construction, Strike & Riot, Malicious damage, Terrorism
Testing Perils: Maximum value at risk. A specific request to be made to UW
At BuyVima, we don't just offer insurance, we offer peace of mind. Our team provides end-to-end support, from choosing the right policy to assisting with claims.
While you focus on building your project, we focus on protecting your investment.
Partner with BuyVima today and ensure your construction project is backed by reliable, expert-driven protection.
FAQs About Contractor's All Risk (CAR) Insurance by BuyVima
BuyVima answers the most common queries to help you understand Contractor's All Risk Insurance before choosing.