Engineering Insurance policy designed to protect the interests of contractors engaged in civil engineering projects from small buildings to massive dams and buildings is known as

Contractors All Risks (CAR) Policy is designed to protect the interests of contractors and principals engaged in civil engineering projects from small buildings to massive dams, buildings, bridges, tunnels, etc. The policy provides an “All Risk” cover, thus providing indemnity against any sudden and unforeseen loss or damage that occurs to property insured at the construction site. This can be extended to cover third party liability and other exposures. Premium chargeable depends on the nature of the project, the project cost, the project period, geographic location and the period of testing.