Contractor's All Risks (C.A.R.) Insurance

Q: What’s included in the insurance?

It is a comprehensive insurance program for projects in relation to their construction or renovation. The projects can be: a house, apartment building, shop or office complex, school, church, road, factory, etc. Contractors All Risks Insurance offers cover for damage to the project being built or renovated, existing buildings, installations, equipment and machinery used on the construction site due to sudden and unforeseen circumstances, as well as the liability of the parties involved to third parties (Civil Liability)

Q: When and how do I pay?

The insurance premium is paid on the date of entry into full force, to the Company, either check, cash, Direct Debit, Credit /Debit card, or Standing Order. In case it is agreed that the payment of the premium will be made in instalments, the premium is paid according to the dates specified in the insurance table of the Policy.

Q: Am I covered only in Cyprus?

At the address of the project which is under construction and it is specified in the Insurance Policy

Q: Who is eligible for the Contractors All Risk Insurance?

Contractors' all-risk insurance is aimed at project owners and construction contractors

Q: What is Contractors All Risk Insurance?

Contractors All Risk Insurance is a type of insurance that provides coverage for both property damage and third-party liability. It is typically for contractors, subcontractors, and other businesses involved in construction projects. Property damage coverage protects the contractor from losses due to physical damage to the property or materials used in the construction project.

Q: What are the benefits of Contractors All Risk Insurance?

Contractors All Risk Insurance is a type of insurance policy that provides comprehensive coverage for a wide range of risks associated with construction projects. It is designed to protect contractors from losses due to unforeseen circumstances.

Q: How much does Contractors All Risk Insurance cost?

The cost of Contractors' All-Risk insurance can vary significantly depending on a number of factors, including the size and scope of the project, the type of work being performed and the location of the project. Contact a Trust Insurance representative to provide you with a more accurate estimate.

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Your Shield of protection to any construction risk

As a construction business owner in Cyprus, undertaking a new project is an exciting opportunity for growth, but it also comes with risks. Unexpected events such as theft, natural disasters, or accidents can result in significant financial losses. That's why having the right insurance coverage is essential for protecting your business from potential risks. Trust offers a specialized Construction All Risk Insurance plan that covers all risks associated with construction projects. With Trust's tailored coverage, you can focus on completing your construction project with peace of mind, knowing that your business’s financial security is protected. Get a quote today.

Why TRUST Contractors All Risks Insurance

All Risk

All Risks Insurance is the most comprehensive form of Insurance

Full Insurance With Many Extensions

Option to insure the main contractor, sub-contractor and project manager

Who Is This Insurance For?

Aimed at Project Owners and Construction Contractors.

+35722050100

Coverage Of C.A.R.

Covers loss or damage during the construction of a project or during the construction site configuration as a result of a sudden and unforeseeable event that is not excluded and that occurs at the construction site.

It may also cover:

Equipment and facilities
Construction machinery
Construction materials
Existing buildings
Loss or damage to the building during restoration work
Debris Disposal
Liability to other people and even more depending on your needs

C.A.R. FAQs

What’s included in the insurance?

When and how do I pay?

Am I covered only in Cyprus?

Who is eligible for the Contractors All Risk Insurance?

What is Contractors All Risk Insurance?

What are the benefits of Contractors All Risk Insurance?

How much does Contractors All Risk Insurance cost?

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Contractor's All Risks (C.A.R.) Insurance

Your Shield of protection to any construction risk