Contractors’ All Risk Erection All Risk

Contractors’ All Risks Insurance is an all-risk policy that covers any unforeseen and sudden physical loss or damage to contract works and civil engineering works during the course of construction. This includes residential properties, commercial and industrial buildings, and infrastructure projects. It also covers construction plant and equipment, and construction machinery from any cause while at the site during the period of insurance, unless specifically excluded by the policy. Additionally, CAR Insurance covers third-party injury or damage claims, protecting the insured contractor from legal liability resulting from bodily injury or property damage suffered by a third party. 

Erection All Risks Insurance covers loss or damage to contract works, primarily involving the erection and installation of machinery, plant, and steel structures, including testing. It provides coverage for physical damage to the project, equipment, and machinery, as well as liability for third-party bodily injury or property damage arising out of these operations.  

• Principal Owner 

• Main Contractor’s/Sub-contractors 

• Consultant Engineers 

CAR/EAR policies typically cover all stages of construction or installation throughout the entire project period until completion. They may also include a maintenance period to cover any defects or issues arising after completion. This maintenance period specifically covers loss of or damage to the contract works caused by the insured contractor(s) while fulfilling their obligations under the maintenance provisions of the contract. 

Yes, CAR/EAR policies include third-party legal liability coverage. This coverage protects against claims for bodily injury or property damage caused to third parties as a result of the construction or installation activities. It ensures that the insured parties are protected from legal and financial consequences arising from accidents or incidents that affect third parties during the course of the project. 

For detailed information and clarification, you can reach out to KBZMS Call Center (+959) 9500 77000  if you have any questions. 

After receiving the Debit Note, you can pay the premium at the KBZMS offices or directly to KBZMS bank accounts via KBZ bank QuickPay services or other KBZMS designated bank accounts through mobile banking or internet banking, or nearest bank branches of Major banks. Please refer to the Debit Note for the detailed bank account information. 

Notify the KBZMS Call Center at (+959) 9500 77000   immediately and let us know the following: 

• Brief Details of the Accident 

• Location of Accident 

• Contact information 

The respective claim team will contact you and request any other necessary documents.