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Continental Insurance is ready to answer your question, Why is Contractors’ All Risk Insurance is necessary before you envisage your investment on civil construction project.
Continental Insurance, the professionals in insurance are happy to explain that a Contractors all Risk Insurance (CAR) offers comprehensive protection against loss or damage in respect of the contract works, construction plant, equipment and machinery, as well as against third-party claims in respect of property damage or bodily injury arising in connection with the building and execution of a construction project. CAR is a comprehensive insurance solution designed to cover a broad spectrum of risks to which a civil construction project is exposed to from arrival of construction material at site till the completion of project.
A CAR Policy may be taken up by the Investor or Principal or by the Contractors engaged in a project including all subcontractors. This insurance provides an “all risks” coverage, therefore it covers sudden, unforeseen, accidental loss or damage to the construction works in the construction site except for risks specifically excluded by the policy arranged.
CAR is issued commonly under the joint names of a contractor and a principal client it can protect against:
The whole process may be rather complex, in the eyes of a laymen contemplating on venturing into taking this policy. No need to worry, take no chance, we recommend you to contact our hot line 5200200 or email firstname.lastname@example.org and you will be assigned with an expert on the subject to guide you not only to obtain the product but assist you right through your journey of construction.
During the short span of operation, Continental Insurance being the fastest growing insurance company in Sri Lanka have handled major projects ranging from highways, housing projects, resorts and Transmission Lines, covering the entire project with the Construction All Risk Policy. To name a few:
Continental Insurance can offer you a comprehensive insurance cover, which provides you complete protection against all types of civil construction risks. Understanding the many risks attached to construction in this fast paced and highly demanding construction industry, place your confidence in the Continental Insurance who have tailor made solutions to meet your every need.
Have no hesitation contact Continental Insurance your partner in insurance providing a “service redefined” with professional staff who have revolutionized the industry.
BUILD UPON TRUST BUILD WITH CONFIDENCE