Contractors All Risks Insurance
Contractors All Risks Insurance (CAR insurance) is a comprehensive policy designed for builders, developers and contractors. It covers physical loss or damage to construction works, materials and equipment – both on-site and in transit.
How Does a Contractors All Risks Insurance Policy Work?
Contract Works
Covers the cost to repair or rebuild ongoing construction work if it’s damaged by an insured event (e.g., fire, flood, vandalism or theft).
Own Plant, Tools and Equipment
Covers damage to or theft of your own construction equipment, including tools, diggers, scaffolding and more.
Hired-in and Hired-out Plant
Covers plant and machinery you’ve hired, including any contractual obligations for loss or damage. It can also offer cover if you hire out plants on a contingent basis, just in case your customers insurance fails.
Employee Tools
Protects tools owned by employees that are used on-site.
What a Claim Might Look Like
1. Damage to Contract Works
Scenario:
A storm hits your site overnight, destroying partially completed brickwork.
Outcome:
Contractors All Risks insurance covers the cost to rebuild the damaged section.
2. Theft of Tools or Equipment
Scenario:
Someone steals power tools and a mini-excavator from a locked site overnight.
Outcome:
The policy pays for the replacement of the stolen tools and equipment, subject to security conditions.
3. Hired Plant Damage
Scenario:
A hired dumper truck is accidentally overturned during excavation work, causing significant damage.
Outcome:
The insurer pays for repair costs and any contractual liabilities owed to the hire company.
We Would Love to Hear from You
Let’s talk about how we can improve your coverage, service, and premium. Simply fill in your details, and we will be in touch within 24 hours to see if we can help.