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    CONTRACTORS’ ALL RISKS INSURANCE
    WITH ALFRED

    A Contractors All Risks Insurance (C.A.R) protects contractors from loss or damage to contract works and materials during the course of construction and even claims from third parties for bodily injury or property damage.

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    OUR CONTRACTORS' ALL RISKS INSURANCE PARTNERS

    One size does not fit all. We work with Leading Contractors’ All Risk Insurance companies in the UAE to tailor the right policy for you and your employees.

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    WHAT IS COVERED?

    Cover is provided on an “All Risks” basis. This means that the policy covers all accidental, sudden physical losses to contract works unless specifically excluded in the policy. The cover is split into 2 primary sections:

    The cover is split into 2 primary sections:

    1-2

    MATERIAL DAMAGE

    All Risks cover for costs of reinstatement of contract works following a loss or damage.

    Types of losses to contract works that would be covered under this section would include:

    fire

    Fire & Explosion

    natural-perils

    Natural Perils (Flood, Storm, Inundation)

    accidental_damage

    Accidental Damage To works

    lighting

    Lightning

    Riots_strikes

    Losses From Riots, Strikes Or Civil Commotion

    Collapse

    Collapse Of Structures

    vegicles

    Impact By Vehicles

    Maliciousdamage

    Malicious Damage

    Burglary-1

    Burglary

    ADD-ONS

    Contractors can also opt to include cover the following:

    plant_equipment

    Their own plant and equipment on an all risks basis.

    Cover_loss_damage

    Cover for loss or damage to the principals (contractors client) existing and surrounding property (where required).

    Cover_damage_temporary_facilities

    Cover for damage to temporary facilities such as site offices.

    2-2

    THIRD PARTY LIABILITY

    While section-1 covers damage to the contract works and the contractors equipment. C.A.R also covers losses from third parties claims for bodily injury and property damage. During the course of construction, a contractor may cause accidental damage or bodily injury to third parties and is legally liable to pay damages for such incidents.
    A few simple examples/scenarios of this would be:

    fire_starting_construction_site

    A fire starting at the construction site and spreading to a neighboring building or project. The neighbor then sues the contractor for damage to his property

    contractors_workerdrops_-tool

    A contractors worker drops a tool from a high rise construction site and it lands on a passerby causing death. The court orders the contractor to pay blood money of AED 200,000 to the family of the deceased

    building_glass_crack

    Vibrations from the use of heavy machinery causing a neighboring building facade glass to crack

    damage_pipes

    Damage to municipal underground pipes and services during excavation works.The contractor is ordered by a court to pay for all the damages caused

    Cover is provided on a limit per occurrence. Limits offered start at AED 500,000 per occurrence and can go up to AED 100,000,000 (or higher) per occurrence where contractually required.
    Additional covers bundled into the Contractors All Risks Insurance would include:

    Costs_debris_removal

    Costs of debris removal

    damage_document

    Cost of replacing or reproducing damaged plans and documents

    professional_fees

    Professional fees (architects and surveyor fees)

    Cover_losses_during_maintenance

    Cover for losses during the maintenance period after project completion

    loss_damage_materials

    Loss or damage to materials and equipment during any inland transit or whilst in an offsite storage location

    fire_fighting

    Fire fighting and extinguishing expenses

    Claims_preparation_charges

    Claims preparation charges

    WHAT IS NOT COVERED UNDER A CONTRACTORS ALL RISK INSURANCE?

    Contractor All Risks Insurance Would Exclude Losses From:

    • War,Political Risks
    • Nuclear Contamination,Nuclear Radiation Risks
    • Damages Due to Wear and Tear
    • Wilful Acts or Wilful Negligence
    • Cessation of Works
    • Injury to Own Workers
    • Claims From Third Parties for Professional Negligence,Errors and Omissions
    • Fines and Penalties From Any Legal Body
    • Gradual Pollution and Contamination
    • Financial Losses Due to Insolvency, Bankruptcy, Default

    INSURANCEMARKET.AE IS COMMITTED TO YOUR BUSINESS BY

    Competitive_premiums

    Providing You With the Most Competitive Premiums

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    Working With Only the Best Insurance Companies

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    Assigning Your Own Expert, Personal Advisor to Help You Decide

    time_claim

    Being There for You at the Time of a Claim

    PAYMENT OPTIONS FOR CONTRACTORS' ALL RISKS INSURANCE

    credit_card

    Credit Card

    Bank_transfer

    Bank Transfer

    cash

    Cash

    bank_cheque

    Cheque

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