Contractors Insurance

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CONTRACTOR'S 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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Contractors Insurance

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.

Orient
QIC
AXA
RSA
Takaful New
Tokio
Oriantal
Orient UNB
Watania
NoorTakaful

WHY CUSTOMERS LOVE INSURANCEMARKET.AE

4.9/5 Rating

(15,000+ Reviews)

Anna Hughes

Anna Hughes

For 12 years I'm insuring my car with Afia- never had even smallest issue with claims. Service is excellent - very pleased with Mr.Ian who cares about my account. I wish we have more companies in the UAE with such a service! Thank you Afia team!

Carmencita Guanco

Carmencita Guanco

Our company has been dealing with AFIA in the past 3 years. They are always helpful and very attentive to details. Jecryl who has been helping me with our company requirement is very knowledgable with their products and have given me various options to meet our company requirements. I will definitely recommend them to family and friends. Just now, one of our drivers had an accident. Ms. Teresa from claims department help me immediately. She was able to give me a reference claim number within 10 minutes from the time I contacted her.

Darius LaBelle

Darius LaBelle

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.

Alfred

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

MATERIAL DAMAGE

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:

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

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Fire & Explosion

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Natural Perils (Flood, Storm, Inundation)

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Accidental Damage To works

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Lighting

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Losses From Riots, Strikes Or Civil Commotion

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Collapse Of Structures

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Impact By Vehicles

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Malicious Damage

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Burglary

ADD-ONS

Contractors can also opt to include cover the following:

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Their own plant and equipment on an all risks basis.

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

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Cover for damage to temporary facilities such as site offices.

THIRD PARTY LIABILITY

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:

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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

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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

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Accidental Damage To worksVibrations from the use of heavy machinery causing a neighboring building facade glass to crack

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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:

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Costs of debris removal

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Cost of replacing or reproducing damaged plans and documents

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Professional fees (architects and surveyor fees)

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Cover for losses during the maintenance period after project completion

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

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Fire fighting and extinguishing expenses

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Claims preparation charges

WHAT IS NOT COVERED UNDER A CONTRACTORS ALL RISK INSURANCE?

Contractor All Risks Insurance Would Exclude Losses From:

War, Political Risks

War, Political Risks

Nuclear Contamination,Nuclear Radiation Risks

Nuclear Contamination,Nuclear Radiation Risks

Damages Due to Wear and Tear

Damages Due to Wear and Tear

Wilful Acts or Wilful Negligence

Wilful Acts or Wilful Negligence

Cessation of Works

Cessation of Works

Injury to Own Workers

Injury to Own Workers

Claims From Third Parties for Professional Negligence,Errors and Omissions

Claims From Third Parties for Professional Negligence,Errors and Omissions

Fines and Penalties From Any Legal Body

Fines and Penalties From Any Legal Body

Gradual Pollution and Contamination

Gradual Pollution and Contamination

Financial Losses Due to Insolvency, Bankruptcy, Default

Financial Losses Due to Insolvency, Bankruptcy, Default

INSURANCEMARKET.AE IS COMMITTED TO YOUR BUSINESS BY

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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

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Being There for You at the Time of a Claim

PAYMENT OPTIONS FOR CONTRACTORS ALL RISKS INSURANCE

CreditCard

CreditCard

BankTransfer

BankTransfer

Cash

Cash

Cheque

Cheque

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