Coverages in a Contractors All-Risk Insurance Policy [Infographic]

A Contractors All Risk Insurance Policy (CAR Insurance Policy) is a type of insurance policy given to under-construction civil projects and provides protection against claims of Material Damage and Third-Party Liability arising during Construction Stage. A CAR Insurance Policy provides comprehensive coverage to the entire under-construction project from the arrival of the first consignment at site and continues whilst the Work is in Progress and during the maintenance period as well.