CONSTRUCTION /ERECTION PHASE INSURANCE

CONTRACTORS ALL RISKS (CAR) INSURANCE
The basic concept is to offer comprehensive and adequate protection against loss or damage in respect of the contract works, construction plant and equipment and/or construction machinery, as well as against third party claims in respect of property damage and/or bodily injury arising in connection with the execution of construction project.

ERECTION ALL RISKS (EAR) INSURANCE
This branch of Engineering Insurance offers comprehensive and adequate protection against all the risks involved in the erection of machinery, plant and steel structures of any kind AND CONSTRUCTION/ERECTION EQUIPMENT AS WELL AS third party claims in respect of property damage or bodily injury arising in connection with the execution of an erection project.

PRINCIPAL'S ADVANCE LOSS OF PROFITS FOLLOWING CAR/EAR
This insurance provides cover for the actual loss of gross profits (i.e. net profit and standing charges) sustained due to reduction in turn over and increased cost of working as a result of delay in project completion caused by an accident indemnifiable under CAR/EAR policy.