CONTRACTOR’S ALL RISK INSURANCE (CARI)
CONTRACTOR’S ALL RISK INSURANCE (CARI) provides comprehensive protection for construction projects against unforeseen risks. It covers accidental physical loss or damage to the works, as well as third-party liability for bodily injury and property damage. With CARI, project owners, contractors, and stakeholders gain peace of mind knowing they are financially protected throughout the construction period.
BENEFITS
SECTION I – MATERIAL DAMAGE
- Contract Works: Covers accidental loss or damage to the project under construction (e.g., buildings, roads, bridges).
- Construction Materials & Equipment: Protection for materials, tools, and equipment stored on-site.
- Temporary Works: Includes scaffolding, sheds, and other site installations.
- Debris Removal Costs: Covers expenses for clearing and removing debris after a covered loss.
SECTION II – THIRD PARTY LIABILITY
- Bodily Injury (BI): Compensation for accidental injury or death of third parties caused by construction operations.
- Property Damage (PD): Covers accidental damage to third-party property arising from construction activities.
- Legal Defense Costs: Includes legal fees and court expenses for claims covered under liability.
COVERAGE
- Contract Works (buildings, infrastructure, civil works)
- Construction Plant, Machinery, and Equipment
- Temporary Structures & Materials on Site
- Third Party Bodily Injury
- Third Party Property Damage
- Legal Defense Costs
ADD-ON COVERAGE (Optional Extensions)
- Surrounding Property Damage
- Existing Property Damage
- Cross Liability (between multiple contractors)
- Maintenance Period Cover (post-completion defects or issues)
- Strike, Riot & Civil Commotion (SRCC)
- Acts of God / Force Majeure (natural catastrophes)
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