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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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Anna Hughes

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Excellent, Speedy, and Professional Service. Agatha Alicdan has been extremely helpful in everything relating to medical and business insurance for our group - providing options, recommendations, and very quick response.

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I rate my experience with Mr. Vicky (Vignesh) of AFIA Insurance Brokers as 5 star related to the professional indemnity insurance coverage for our firm. My repeated requests for amendments in the policy for whatsoever reasons were done very fast and to my satisfaction. Thank you Mr. Vignesh

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For the past 3 years AFIA has assisted in providing my company with annual Professional Indemnity Insurance. Each time the same agent, Agatha Alicdan, has dealt with my requirements in a professional manner and provided me with a competitive quotation. This year AFIA has also provided me with worldwide travel insurance. It is my intention to continue to use the services of AFIA in future for my insurance requirements and would recommend them to others.

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:

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

Natural Perils (Flood, Storm, Inundation)

Accidental Damage To works

Lightning

Riots, Strikes or Civil Commotion Insurance Cover

Losses From Riots, Strikes Or Civil Commotion

Collapse Of Structures

Impact By Vehicles

Malicious Damage

Burglary

ADD-ONS

Contractors can also opt to include cover the following:

Their own plant and equipment on an all risks basis.

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

Cover for damage to temporary facilities such as site offices.

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:

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

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

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

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: