CAR - Construction all Risk
Garuda Insurance’s Construction All Risks (CAR) Insurance provides comprehensive coverage for construction projects, protecting against a wide range of risks associated with building and renovation activities. This policy covers physical loss or damage to the works, construction materials, and third-party liability during the construction process. With CAR Insurance, contractors, developers, and project owners can safeguard their investments and ensure smooth project completion. Our tailored solutions allow clients to navigate the complexities of construction projects with confidence, knowing that they are protected against unexpected events that could impact timelines and budgets.
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Benefits
Comprehensive Coverage
CAR Insurance offers extensive protection against a variety of risks, including damage to construction materials, equipment, and the structure itself. This comprehensive coverage ensures that all aspects of a construction project are safeguarded, reducing the financial burden of unexpected incidents.
Third-Party Liability Protection
In addition to protecting the construction site, CAR Insurance includes coverage for third-party liabilities. This means that if accidents occur on-site that cause injury or damage to third parties, the policy can cover legal costs and compensation claims, providing essential peace of mind for contractors and developers.
Financial Security
By mitigating potential losses from accidents or damages, CAR Insurance provides financial security for construction projects. This coverage helps ensure that projects can continue without significant financial setbacks, allowing businesses to manage budgets effectively and complete projects on time.