All Risk Insurance

This insurance policy provides a comprehensive cover of all construction risks. Cover for material damage at the construction site is based on the “ALL RISK” insurance model which means that the policy includes cover for all sudden, unforeseeable and unexpected damage incurred in the construction process, except for the type of damage explicitly excluded from the cover.

This policy can be extended in a number of ways, depending on the the insured party’s or the investor’s requests (costs of extra work hours and night hours, air travel costs, debris removal costs, building equipment and machinery insurance costs, etc.)

On the other hand, some risks can be excluded, and a “tailor made” policy can be created, entirely customised to the specifics of the construction project in question.

The CAR policy cover can also be extended to include not only risks of material damage during construction, but also liability risks for damage caused to third parties and/or employees during construction. The liability cover includes material damage and bodily injury.

Upon completion of construction, you can also conclude cover for damage within the maintenance period.