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

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

Your Shield of protection to any construction risk

By building someone else's dreams, don't ruin your own. Unpredictable factors are always likely to emerge. Accidents happen. Don't let them get on you. Trust provides you with maximum protection through a complete insurance package, which gives you the opportunity to customise it to your specific needs.

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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.

(+357) 22 050 100

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

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C.A.R. FAQ

What’s included in the insurance?

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.

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.

Am I covered only in Cyprus?

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

Who is eligible for the Contractors All Risk Insurance?

This policy is aimed at project owners and construction contractors involved in risky projects. Typically this coverage applies to contractors working on projects that involve unique liabilities, such as construction projects and civil engineering works.

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.

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.

How much does Contractors All Risk Insurance cost?

The cost of Contractors' All Risk Insurance can vary greatly depending on several factors, including the size and scope of the project, the type of work being done, and the project's location. Contact a Trust’s insurance agent to provide a more accurate estimate.