CAR
Contractors All Risk
What is it?
Contractors All Risk is a policy that covers all risks normally associated with a construction project including fire, theft of materials, and similar unforeseen losses or damage. CAR cover can be purchased per project or as an annual policy based on the sum of anticipated projects during the year.
Who is it for?
Contractors All Risk policies are designed for any client who enters into a contract to perform construction.
How do I get it?
Contact your broker and ask for a BOUWEN CAR policy. Don't have a broker? No problem, contact us and we'll provide a list of appropriate brokers to you.
Frequently Asked Questions
Answered in simple English…
Materials, Labour, Free Issue Materials, Free Issue Material/Existing Property, Import and Export Costs, Freight Costs, Value Added Tax, Machinery Incorporated into the project, Site establishment costs, Provisional and General Costs, Professional Fees, Machinery rental cost, Transit costs, Storage costs, Project escalation in excess of the percentage that is provided by the policy.
Commenced work, 90 Day Interruption, Abandonment, First Amount Payable, Dishonesty, Wear and Tear, Gradual Deterioration, Construction Machinery and Equipment, Currency Fluctuation, Contract Value Escalation over 20%, Specific Contract Types Excluded, Defective Material, Workmanship and Design, Free Issue Material/Existing Property, Underground Works, Removal of Support, Machinery & Equipment conditions, Beneficial Occupation, Shortages/No Event, Latent Defect Conditions, Liability section, Air/Ocean Works, Terminated Contract
Yes. BOUWEN has many extensions available to acommodate most risks that are generally excluded from a CAR policy.
Yes. A CAR policy is tailored for contact works and will provide much better cover than other policies.
If it is not excluded from your policy wording and terms, it is included in your cover.