Contractor’s All Risks (CAR) is an insurance policy that covers the property damage as well as the third-party liability injury or damage claims. This insurance helps to bridge the gap between these two risks and combine them into a single policy and also helps to cover the gap between the exclusions that would otherwise require different policies.

Coverage

Usually the policy covers the following
  • Coverage 1: Material damage
  • Coverage2: Third party liability
Key Exclusions
  • Intentional losses, wilful negligence of the insured
  • Wear and tear
  • Defective designs
  • Interruption in work
  • Stock loss
  • Substantial loss
  • Poor technique
  • Inadequate material