The CAR Policy is designed for all Buildings and Civil Engineering Projects including but not limited to:

  • * Commercial/Residential Buildings
  • * Industrial Buildings, Factories and Plants
  • * Warehouses
  • * Water Supply and Drainage Systems
  • * Road, Railway Facilities and Airports.

The basic concept is to offer comprehensive and adequate protection against loss or damage in respect of the Contract Works, Construction Plant and Equipment and/or constructions Machinery, as well as against Third Party claims in respect of property damage and/or bodily injury arising in connection with the execution of a construction project.

This cover is offered to Contractors and Principals and their subcontractors engaged in construction activities.

The Policy comprises of Two Sections:

Section I – Material Damage

Covers physical loss, damage or destruction of the property insured by any cause, other than those specifically excluded in the policy.

Section II – Third Party Liability

covers the legal liability of the Insured as a result of bodily injury to third party or damage to property belonging to a third party arising out of performance of the contract works and happening on or in the immediate vicinity of the site, subject to standard Exclusions specified in the Policy Wording.