Contractors’ All Risks
Contractors All Risk coverage, otherwise known as CAR in Singapore covers for damage to property, third parties injuries and damage claims. These are usually the expensive damages that one needs to protect ourselves from. We understand how construction has thin margin in profits and a minor work mistake or accident can trigger expensive damages to the property or neighbouring’s parties can cause financial ruins.
Your clients may ask you to provide Contractors All Risk if you are:-
- renovation ID or contractor
- engineering or construction firm
- home-owners or building owners planning on reno or A&A works