Insurance Solutions
Construction All Risks
Insurance for construction projects such as offices, retail buildings, factories, roads, and ports, covering the full project lifecycle through handover.
All Insurance Solutions
Construction All Risks (CAR) Insurance protects building and civil engineering projects — offices, retail buildings, factories, roads, and ports — against physical loss or damage from the ground-breaking stage through to handover.
Good to know
VIP presents this as a single Construction All Risks solution. Whether a specific project is structured as Construction All Risks or Erection All Risks is determined by the insurer once project details (value, scope, schedule, and method) have been reviewed.
Who it protects
- Project owners
- Financiers (banks or other financial institutions)
- Main contractors and subcontractors
What's covered
- Natural catastrophe risk (act of God)
- Fire and explosion
- Third-party legal liability
- Impact from vehicles or aircraft
- Theft, including theft accompanied by force
Covers the full project lifecycle
- Preparation, construction/installation, testing, and commissioning, through the maintenance period and handover to the owner
Can be extended for
- Debris removal costs
- Cover during the maintenance period
- Professional fees