Contractors' All Risks Insurance

As a building contractor or developer, you would need the maximum protection to your investment in any construction project you undertake. Other than the need to comply with the insurance requirements of your Contract, an additional reason for buying C.A.R. is the fact that any damage to the contract works can mean having to do the work twice for only one payment. On the other hand, if any construction plant is destroyed, this will have to be replaced from your own resources.

The Contractors’ All Risks policy by Hydra Insurance has been specially designed to provide cover against any unforeseen and sudden physical loss or damage from any cause, other those specifically excluded.

The policy can be taken out in the joint names of the contractor and the owner to cover construction projects ranging from small houses to construction of roads, bridges, dams, tunnels, energy power units and many others.

The Material Damage Section of our policy provides cover for the contract price, the cost of the materials or items to be supplied by the principal, the construction plant and equipment, the construction machinery and clearance of debris.

The Third Party Liability Section of our policy provides cover for accidental loss or damage to third party property and/or bodily injury arising in connection with the contract work.

Our team of professional staff is well versed to provide you with all the necessary guidance.