A Contractors All Risk (CAR) insurance policy in Kenya is a comprehensive policy designed to cover risks associated with construction projects. It protects contractors, subcontractors, and project owners from financial losses due to unforeseen events, such as accidents, damages, or losses during construction. The policy is essential for ensuring the smooth progression of a project without interruptions caused by unexpected costs

What is Covered by a Contractors All Risk Insurance Policy

1. Material Damage: Covers physical loss or damage to the construction site, including materials, equipment, and temporary works, caused by accidents such as fire, theft, weather events, or collapse.
2. Third-Party Liability: Provides protection against legal liability for bodily injury or property damage to third parties resulting from the construction activities.
3. Subcontractor Coverage: Extends coverage to subcontractors involved in the project, ensuring they are protected from risks while working on-site.
4. Worksite Accidents: Covers accidents that may occur during construction, protecting the contractor from associated financial losses.
5. Public Liability

Benefits of Contractors All Risk Insurance

1. Comprehensive protection for all parties involved in the project.
2. Financial security against delays and cost overruns caused by accidents or damages.
3. Ensures compliance with legal and contractual obligations.
4. Flexible policy extensions tailored to specific project needs

Wrap up

Therefore contractors All Risk Insurance is a vital policy for any construction project, ensuring protection against various risks and helping contractors complete projects with confidence. With additional cover options like Group Personal Accident, Group Life, and Professional Indemnity, contractors can ensure both their projects and their teams are fully protected.

For affordable, comprehensive coverage, get in touch with Anziano Insurance Agency for a competitive affordable quote.