Construction All Risks Insurance

Construction All Risks Insurance (CAR) is a type of insurance designed to protect construction projects. It covers risks such as damage to buildings, equipment, materials, and third-party liabilities during the construction process. This insurance safeguards against unforeseen events like accidents, theft, vandalism, or natural disasters. It is typically purchased by contractors, developers, or project owners to ensure financial security and mitigate potential losses that can arise during a construction project. Overall, CAR helps ensure that projects can proceed smoothly even in the face of unexpected challenges.