Do you need renovation contractors all risk insurance?
Yes, you need contractor all risk insurance for renovation because the financial amount that can be lost due to construction mistakes can be large. A simple renovation accident such as a damaged pipe or broken tiles can lead to huge financial expenses.
Even if your client may be reluctant, these benefits will shine out once he understands the benefits of preparing for business continuity for construction sites.
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What are contractors all risk insurance?
Contractors All Risk or CAR insurance is a non-standard policy that covers property accidental damage and loss, third party damage or injury claims and works injury compensation to workers on site.
CAR insurance is for all construction projects, be it a simple $10,000 project or a $10m infrastructure works. You should have CAR for all BCA construction grades.
What does contractor all risk insurance cover?
- Property damages can mean improper construction of structures, damage that happens during renovation or retrofitting, or caused by temporary works erected on-site.
- Third parties damage or injury claims can refer to damage and claims suffered by neighboring residents, subcontractors etc.
- Work injury means injury suffered by workers, engineers, managers as well as subcontractors while on the contractor project.
Does contractor all risk insurance cover defective workmanship?

Renovation Contractors All Risk Package
No, most CAR insurance does not cover construction defects or defective workmanship. You may do a request for such an add-on with your insurance broker to see if it can be catered for.
If you opt for such coverage of faulty workmanship, there is a period of time for this coverage and any defects that started after the coverage ends will not be covered.
Who needs contractors all risk insurance?
Designer, renovation contractors, engineers and A&A construction firms.
Simple renovation works for HDB flat, condos and landed houses all require contractors all risk insurance to safeguard against damage to nearby properties due to Singapore’s dense built up.
A&A (Alterations and Additional) construction projects will require such insurances to protect the clients against any third party claims or own property damages.
When you are renovating or doing small construction jobs, most of us either contractors or clients will wonder if we do need renovation Contractors All-Risk insurance. This is quite common as many contractors like to faster get the job done and skip the paper work and premiums (CAR can actually be done in Singapore instantly and fast within 1 day)

Construction Contractors All Risk Insurance
Is contractors all risk insurance expensive?
Not at all. The premium is low compared to the repairs that would have been out of your pocket if you encounter bad accidents. It is based on the job scope and size so the premiums are affordable and proportional to the project size.
If you are a contractor, you do not want a small job to be the downfall and bankruptcy of your firm. If you are a homeowner, you do not want the tiny probability that a small construction accident leads to a big financial disaster to your life.
Can you quote and start the policy in 1 day?
Yes, if you are in a rush for your client to start work, we can help you settle the CAR package in 1 day! Our insurers understand that time is money and we can produce contractors all risk policy cover letter within the same day.
Call us for general insurance quotes or whatsapp : +65 8163 1130
Email: sales@hminsg.com
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