Contractor's All Risks (C.A.R.) Insurance
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
Who Is This Insurance For?
Aimed at Project Owners and Construction Contractors.
Coverage Of C.A.R.
It covers loss or damage during the construction of a project or during the construction site as a result of a sudden or unforeseen incident that is not excluded and is caused 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
It is a complete insurance plan for the project managers, contractors , or sub-contractors. The projects can be: a house, an apartment building, a complex of shops or offices, a school, a church, a street, a factory, etc. The All Risks Insurance offers coverage for damages to an erected or existing building, to any facilities, equipment and machinery used at the construction site as well as coverage for Public Liability.
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.
At the address of the project which is under construction and it is specified in the Insurance Policy