Covers loss or damage from any cause whilst in the contract site—from completion of unloading until, in the case of the works, the expiry of insurance; in the case of construction plant, the commencement of loading for dispatch from site or the expiry of insurance.
What are the information/documents needed for CAR/EAR?
- Assured’s Name
- Address/Location of site
- Nature of Project – commercial, industrial, government/public, or residential
- Duration
- Project Cost
- Limit of Liability (3rd party)
- Copy of Contract
- Broker of Record (BOR) – form will be provided by Trinity
Contractor's Risk Insurance covers the following risks:
- Fire/Lightning
- Natural perils/acts of nature
- Landslip/subsidence
- Accidental damage
- Collision, Collapse, Impact
- Theft and Malicious Damage
- Breakdown and explosion
- Faults in Construction / Erection
- Negligence
- Lack of skill / experience
- Short circuiting
- Arching
- Excess Voltage
- Construction plant and equipment
- Third party liability like vibration, removal, and weakening of support
- Inland transit
- Debris removal
- Offsite storage
- Expediting cost
- Riot / Strike / Civil Commotion coverage