Construction and Engineering Insurance

Contractors' All Risks (CAR)

This insurance is designed to provide coverage involving construction of buildings and other civil engineering works. It provides coverage against:

• Loss or damage to the contract works caused by any unforeseen and sudden physical loss or damage from any cause, other than those specifically excluded.
• Damage to third party property and/or bodily injury occurring in direct connection with the erection works.

Erection All Risks (EAR)

Similar to Contractors' All Risks, Erection All Risks is designed to provide comprehensive coverage for the installation and erection of engineering projects of electrical or mechanical equipments.

Performance Bond Insurance

A Performance Bond is to ensure that contractors faithfully carry out the terms & conditions of a written contract. The amount of the bond will be recovered by the principal should the contractor fail to perform in accordance with the terms of the contract.