contractors all risks insurance

Contractors All Risks (CAR) insurance is a comprehensive policy that protects construction projects from physical damage or loss during building, refurbishment, or engineering works. It covers risks like fire, theft, vandalism, and natural disasters, as well as liabilities for injury or damage to third parties. The policy typically covers the entire construction period and can include materials, equipment, and labor on site. It provides financial security, ensuring that if unforeseen events cause damage, the costs of repair, replacement, or legal claims are covered, helping projects stay on track and within budget.