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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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WHY CUSTOMERS LOVE INSURANCEMARKET.AE

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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 & Explosion Insurance

Fire & Explosion

Natural Perils Insurance Coverage

Natural Perils (Flood, Storm, Inundation)

Accidental Damage cover

Accidental Damage To works

Lightning Damage Insurance

Lightning

Riots, Strikes or Civil Commotion Insurance Cover

Losses From Riots, Strikes Or Civil Commotion

Insurance Coverage for Collapse

Collapse Of Structures

Vehicle Insurance

Impact By Vehicles

Malicious Damage Insurance Cover

Malicious Damage

Burglary Insurance

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

Best Insurance Companies

Working With Only the Best Insurance Companies

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Assigning Your Own Expert, Personal Advisor to Help You Decide

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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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